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Please help asap A stock just paid a dividend this morning of $1.33. Dividends are expected to grow at 10.00% for the next two years.
Please help asap
A stock just paid a dividend this morning of $1.33. Dividends are expected to grow at 10.00% for the next two years. After year 2, dividends are expected to grow at 8.55% for the following three years. At that point, dividends are expected to grow at a rate of 5.00% forever. If investors require a return of 12.00% to own the stock, what is its intrinsic value? Submit Answer format: Currency: Round to: 2 decimal places.
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