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Use the constant growth model and find the intrinsic value of a stock that pays a dividend of $0.15 and has a growth rate of

Use the constant growth model and find the intrinsic value of a stock that pays a dividend of $0.15 and has a growth rate of 5%. The stock has a Beta of .75, the risk free rate is .5% and the market return is 7.8%.

a. $15.385

b. $16.154

c. $21.25

d. $19.565

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