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Intro Fisher Depot just paid an annual dividend of $2.9 per share. Dividends are expected to grow by 8% per year. The required rate of

Intro

Fisher Depot just paid an annual dividend of $2.9 per share. Dividends are expected to grow by 8% per year. The required rate of return is 12%.

Attempt 1/1 for 10 pts.

Part 1

What is the stock's intrinsic value?

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