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You consider buying stock IBX and holding it for two years. Here is your prediction: IBX will pay a dividend of $ 3 . 3

You consider buying stock IBX and holding it for two years. Here is your prediction: IBX will pay a dividend of $3.3 per share in one year and $4 per share in two years and its price will be $117 per share in two years. What is the intrinsic value of the stock if investors require 10% return per year?
A. $100
B. $103
C. $107
D. $113

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