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You are considering a stock purchase, Assume the stock will pay a divident of $2.00 in one-year, $3.00 it two-years, and $4.00 in three-years, You

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You are considering a stock purchase, Assume the stock will pay a divident of $2.00 in one-year, $3.00 it two-years, and $4.00 in three-years, You atso estimate the stock price will be 535 in three years. If you require a 12% retum, what is your estimate of the stock's current intrinsic value? A. $31.94 B. $29.27 C. 530.66 D. $32,50 E. 533.93

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