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You are analyzing a stock. The stock's most recent dividend paid was $4.2 per share. You expect that the stock dividends will grow at 7%
You are analyzing a stock. The stock's most recent dividend paid was $4.2 per share. You expect that the stock dividends will grow at 7% for the next 3 years (until t = 3), followed by a long-term stable growth of 2.3% per year. The required rate of return on the stock is 5%. What is the intrinsic value of the stock?
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