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Question 12 Using the three-stage DDM, what is the intrinsic value of a firm with current dividends of 3.64 per Share. a discount rate of

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Question 12 Using the three-stage DDM, what is the intrinsic value of a firm with current dividends of 3.64 per Share. a discount rate of 0.08, and growth for the first 5 years of 0.15, after which growth will decline at a constant rate until year 11 and then the firm will grow indefinitely at a rate of 0.025 ? 128.05 13402 10655 121.96 113,92

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