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Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock: Current price per share =24.71 Current annual dividend

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Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock: Current price per share =24.71 Current annual dividend per share =1.88 Annual dividend growth rate for Years 14=9.00% Annual dividend growth rate for Years 5+=4.00% Required rate of return =13.00%

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