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The Commonwealth Corporation's earnings and dividends have been growing at the rate of 1 2 % per annum. This growth rate is expected to continue

The Commonwealth Corporation's earnings and dividends have been growing at the rate of 12% per annum. This growth rate is expected to continue for 4 years. After that the growth rate would fall to 5% forever. If the last dividend was $1.5 and the investor's required rate of return is 14%, what is the intrinsic value per share of Commonwealth Corporation

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