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Your company paid a dividend of S3.00 last year (Do -3.0). The growth rate is expected to be 9 percent for first year, 8 percent

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Your company paid a dividend of S3.00 last year (Do -3.0). The growth rate is expected to be 9 percent for first year, 8 percent the second year, then 7 percent for the third year, and then the growth rate is expected to be a constant 6 percent thereafter. The required rate of return on equity (rs) is 10 percent. What is the company's current stock price (i.e., intrinsic value)? 3 pts 119% 0 17% 6% 2 18%

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