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Jack is considering a stock purchase. The stock pays a constant annual dividend of $4.38 per share and is currently trading at $26.24. Jack's required

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Jack is considering a stock purchase. The stock pays a constant annual dividend of $4.38 per share and is currently trading at $26.24. Jack's required rate of return for this stock is 11.9%. Should he buy this stock? The intrinsic value of the stock that Jack is considering is S. (Round to the nearest cent.)

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