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Question 12 (1 point) West Tool Company is expected to pay a dividend of $1.0 in Year 1 and $1.4 in Year 2. Analysts expect

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Question 12 (1 point) West Tool Company is expected to pay a dividend of $1.0 in Year 1 and $1.4 in Year 2. Analysts expect the price of West Tool Company shares to be $16 two years from now. What is the intrinsic value of West Tool Company stock if the market capitalization rate of the company is 12%? Round your answer to two decimal places and enter without the dollar sign. Your Answer: Answer Question 13 (1 point) Saved

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