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Melissa Cut is thinking about buying some shares of EZLawn Equipment, at $38.96 per share. She expects the price of the stock to rise to

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Melissa Cut is thinking about buying some shares of EZLawn Equipment, at $38.96 per share. She expects the price of the stock to rise to $55.15 over the next 3 years. During that inme she also expects to receive annual dividends of $4.16 per share. a. What is the intrinsic worth of this stock, given a required rate of retum of 11% ? b. What is its expected return? a. The intrinsic worth of this stock is 5 (Round to the nearest cent.)

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