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Westin Corporation common stock recently paid a dividend of $2.60. The firm typically pays out 50% of its earnings as dividends and retains the rest

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Westin Corporation common stock recently paid a dividend of $2.60. The firm typically pays out 50% of its earnings as dividends and retains the rest for investment in the firm. Westin has a return on equity of 15 percent. If investors require a return of 12 percent, what is the intrinsic value of the firm's common stock? Assume dividends will grow at a constant rate. $62.11 $23.29 O $57.78 $21.67 $24.92

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