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Visa has just paid an annual dividend of $1.47. Visa's dividends will grow by 5% for the next 4 years, and then grow by 1%

Visa has just paid an annual dividend of $1.47. Visa's dividends will grow by 5% for the next 4 years, and then grow by 1% thereafter. Visa has a required return of 11%. Attempt 1/3 for 10 pts. Part 1 What is the intrinsic value of Visa stock

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