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Question 1 1 p t s X - Ray Inc. recently paid its annual dividend of $ 1 . 6 7 , and reported an
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XRay Inc. recently paid its annual dividend of $ and reported an ROE of The firm pays out of earnings as dividends. Based on your analysis, you estimate that the stock has a required return of What is the intrinsic value of this stock? DO NOT ENTER THE $ SIGN. ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, ie IF YOUR ANSWER IS ENTER IT AS ONLY
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