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You are considering a company that just paid a dividend of $1.76. You expect the dividend to grow at 12.3% for the next 5 years
You are considering a company that just paid a dividend of $1.76. You expect the dividend to grow at 12.3% for the next 5 years and then at 3.9% for every year after that. If the required return is 8.8%, what is the intrinsic value of the stock?
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