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Upton is a dividend paying company. The dividend just paid, D 0 , was $ 5 . 3 0 and is expected to grow, g

Upton is a dividend paying company. The dividend just paid, D0, was $5.30 and is expected to grow, g, for the foreseeable futures at a constant 4%. The required rate of return is 10.5%,
a. Find the intrinsic value today.
b. If the actual market price today is $76.75, do you believe the stock is over/underpriced?

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