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is a publicly traded company that just paid a $2.00 per share dividend. The company is expected to increase its dividend by 20% per year

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is a publicly traded company that just paid a $2.00 per share dividend. The company is expected to increase its dividend by 20% per year for the next four years. After the 4th year, dividends are expected to grow at a constant rate of 3% into the foreseeable future. The required return for common shareholders to purchase a share today is 9.20%. Based on this information, what statement describes the intrinsic value of the stock today? The price of one share is between $60 and $65. The price of one share is between $70 and $75. The price of one share is between $55 and $60. The price of one share is between $65 and $70. The price of one share is between $50 and $55

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