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Investors require a return of 12.7% per year to hold a stock. The stocks last dividend was $0.94 per share and the dividends are expected

Investors require a return of 12.7% per year to hold a stock. The stocks last dividend was $0.94 per share and the dividends are expected to grow forever at a constant rate of 7.2% per year. What is its intrinsic value per share?

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