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Intel just paid an annual dividend per share of $7.00. Intel's required rate of return is 6% p.a. Intel's dividends are expected to grow at

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Intel just paid an annual dividend per share of $7.00. Intel's required rate of return is 6% p.a. Intel's dividends are expected to grow at 15% p.a. for 3 years and then 2% p.a. forever afterwards. What is the present value of Intel's stock? $219.75 $296.25 $252.71 $239.81 $205.36

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