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StoreAge Inc. recently paid its annual dividend of $1, and reported an ROE of 15%. The firm pays out 50% of its earnings as dividends.
StoreAge Inc. recently paid its annual dividend of $1, and reported an ROE of 15%. The firm pays out 50% of its earnings as dividends. The stock has a beta of 1.0. The current risk-free rate is 2.1% and the market return is 11.1%. Assuming that CAPM holds, what is the intrinsic value of this stock
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