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Suppose that a company paid $ 4 per share dividend last year, its dividend is expected to grow at 9 percent for the next 8

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Suppose that a company paid $ 4 per share dividend last year, its dividend is expected to grow at 9 percent for the next 8 years and 3 percent thereafter. If its cost of equity is 9 percent, what is the intrinsic value of this stock using non-constant growth dividend discount model? O 85.56 90.59 100.66 95.62 O 110.72

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