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Question 19 A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at

Question 19

A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at 6% per year indefinitely. The stock's required return is 14%. What is the intrinsic value of a share today?

		$25
		$16.87
		$19.24
		$20.99

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