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The Wrench Company is expected to pay a dividend of $ 1 . 0 0 in the upcoming year. Dividends are expected to grow at
The Wrench Company is expected to pay a dividend of $ in the upcoming year. Dividends are expected to grow at the rate of per year. The required rate of return is What is the intrinsic value of The Wrench's stock?
a $
b $
c $
d $
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