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Lehman & Company has an annual dividend of $14. The stock has a beta of 1.36, the risk-free rate is 2.4% and the market return

Lehman & Company has an annual dividend of $14. The stock has a beta of 1.36, the risk-free rate is 2.4% and the market return is 9.9%. Assuming that CAPM holds, what is the intrinsic value of this stock?

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