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Riley Corporations stock is expected to pay a dividend of $1 each year for the next 3 years (years 1 3), after that the dividend
Riley Corporations stock is expected to pay a dividend of $1 each year for the next 3 years (years 1 3), after that the dividend is expected to grow at a constant rate of 4% per year forever. The stocks required rate of return is 15%. What is the intrinsic value of the stock today
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