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Intel just paid an annual dividend of $2 a share. Management estimates the dividend will increase by 10 percent a year for the next two
Intel just paid an annual dividend of $2 a share. Management estimates the dividend will increase by 10 percent a year for the next two years. After that, the dividend growth rate is estimated at 5 percent. The required rate of return is 12 percent. What is the value of this stock today?
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