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Please show steps and NOTE that this is different from just finding intrinsic value. Please be sure to show proper formula Question 9 1 pts
Please show steps and NOTE that this is different from just finding intrinsic value. Please be sure to show proper formula
Question 9 1 pts Your broker has recommended that you purchase stock in ZZZ-Best, Inc. She estimates that the 1-year target price is $64, and ZZZ-Best consistently pays an annual dividend of $13. Analysts estimate that the stock has a beta of 1.12. The current risk-free rate is 2.7% and the market return is 12.4%. Assuming that CAPM holds, what is the intrinsic value of this stock? $66.97 $66.74 $71.13 $67.80 $63.17Step by Step Solution
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