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Jack is considering a stock purchase. The stock pays a constant annual dividend of $1.72 per share and is currently trading at $11.61. Jack's required

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Jack is considering a stock purchase. The stock pays a constant annual dividend of $1.72 per share and is currently trading at $11.61. Jack's required rate of return for this stock is 13.8%. Should he buy this stock? The intrinsic value of the stock that Jack is considering is $ (Round to the nearest cent.)

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