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Question 9 7 Dividend Discount Model: A stock has a dividend of $ 2 per share, which is expected to grow at a constant rate

Question 97
Dividend Discount Model: A stock has a dividend of $2 per share, which is expected to grow at a constant rate of 3% indefinitely. If the required rate of return is 8%, what is the intrinsic value of the stock?
Select one
A. $28.57
B. $30.00
C. $32.50
D. $33.33
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