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Intel Corporation reported a return on equity of 15%, which is also the company's required return on equity capital. To achieve those returns the company

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Intel Corporation reported a return on equity of 15%, which is also the company's required return on equity capital. To achieve those returns the company reinvests 55% of its earnings into new equipment and R&D. Intel being a very profitable company, paid a generous dividend of $6.50 a share this past year. (1) What is the value of Intel's shares? (2) How much of that value is attributable to a steady stream of dividends? (3) How much of that value it attributable to future growth

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