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Redhat Corporation is expected to pay a dividend of $1 in the upcoming year. Dividends are expected to grow at the rate of 4% per

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Redhat Corporation is expected to pay a dividend of $1 in the upcoming year. Dividends are expected to grow at the rate of 4% per year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 13%. The stock of Redhat Corporation has a beta of 1. What is the intrinsic value of Redhat's stock? a. 11.56 b. 8.55 c. 11.11 d. 7.69

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