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Thames Inc. just paid out a dividend of $2 per share. Its dividend is expected to grow at a constant rate of 7% per year.

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Thames Inc. just paid out a dividend of $2 per share. Its dividend is expected to grow at a constant rate of 7% per year. The required rate of return on the stock is 11%. What is the intrinsic value of Thame's stock? Select one: O a. $47.50 O b. $50.00 C. $52.00 od $53.50

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