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Stonehenge Inc. will pay no dividend for next three years. At the end of the fourth year, it will pay a dividend of $5.0. Thereafter
Stonehenge Inc. will pay no dividend for next three years. At the end of the fourth year, it will pay a dividend of $5.0. Thereafter dividends will grow at 4% per year. The required rate of return is 12%. The intrinsic value of this stock is currently Group of answer choices $55.80. $49.82. $62.50. $44.49
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