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Seaside Toys currently earns $ 2 . 0 0 per share and currently pays $ 1 . 0 0 per share in dividends. It is

Seaside Toys currently earns $2.00 per share and currently pays $1.00 per share in dividends. It is expected to have a constant growth rate of 5 percent per year. The required rate of return is 15 percent. What is the intrinsic value of this stock?
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