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The Puddy Corporation recently paid a $2 dividend, and is expected to grow at a rate of 4% forever. Investors generally require an expected return

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The Puddy Corporation recently paid a $2 dividend, and is expected to grow at a rate of 4% forever. Investors generally require an expected return of at least 9% before they'll buy stocks similar to Puddy's. 1. What is the intrinsic value for Puddy's stock? 2. Is Puddy's stock a bargain if it's selling at $32 a share

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