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Your broker has recommended that you purchase stock in ZZZ-Best, Inc. She estimates that the 1-year target price is $70.00, and ZZZ-Best consistently pays an
Your broker has recommended that you purchase stock in ZZZ-Best, Inc. She estimates that the 1-year target price is $70.00, and ZZZ-Best consistently pays an annual dividend of $8.00. Based on your analysis, you estimate that the stock has a required rate of 18.00%. What is the intrinsic value of this stock?
$64.43
$66.10
$61.86
$67.35
$68.73
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