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Question 2-2-Stage Growth Model Suppose a hypothetical corporation is in the very late maturity stage of its business life cycle. A decline of growth in

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Question 2-2-Stage Growth Model Suppose a hypothetical corporation is in the very late maturity stage of its business life cycle. A decline of growth in sales & earnings Is forecasted soon. Current annual DPS is $4.56. This DPS Is expected to grow 3% for the next 3 years, followed by 1.5% annual growth forever. Rate of return stockholders require Is 10.0%. Determine this stock's Intrinsic value (Po). Show all formulas & calculations. (HINT: use the 2-stage growth model.)

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