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Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $ 4 0 . 6 5 per share. She expects the price of

Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $40.65 per share. She expects the price of
the stock to rise to $56.33 over the next 3 years. During that time she also expects to receive annual dividends of $4.76
per share.
a. What is the intrinsic worth of this stock, given a required rate of return of 11%?
b. What is its expected return?
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