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Strong Ltd. has just paid a dividend of $4.25. The company has estimated a growth rate of 7 percent indefinitely. If the appropriate discount rate

Strong Ltd. has just paid a dividend of $4.25. The company has estimated a growth rate of 7 percent indefinitely. If the appropriate discount rate is 11 percent, what is the intrinsic value of this share? If the share is currently selling for $47, what can you conclude?

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