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P8.9 Investors expect that Aviation Aircraft Parts will pay a dividend of $2.00 in the coming year. Investors require an 11% rate of return on

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P8.9 Investors expect that Aviation Aircraft Parts will pay a dividend of $2.00 in the coming year. Investors require an 11% rate of return on the company's shares, and they expect dividends to grow at 6% per year. Using the dividend valuation model, find the intrinsic value of the company's common shares

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