XYZ Corporation produces a good that is very new in their product life cycles. It is currently paying a dividend of $1 and expected to grow at 20% for the next two years. After year 2 dividends are expected to settle down at the rate of 8% per year. An appropriate required return for the stock is 10%. Using the multistage DDM, the intrinsic value of the stock is $66.55 $69.28 $78.32 $68.27 You are screen sharing Previous O 0 & 5 6 7. 8. 9 T Y U G H J K