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You are analyzing a growth stocks intrinsic value. It just paid a $2.00 per share dividend, and you expect the dividend to grow at a

You are analyzing a growth stocks intrinsic value. It just paid a $2.00 per share dividend,

and you expect the dividend to grow at a 50% rate next year, 25% the following year, and

then settles down to a steady 10% per year thereafter. If the required rate of return is 15%,

calculate the stocks intrinsic value

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