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  3. a stock is expected to pay a $2.25 dividend next p

A stock is expected to pay a $2.25 dividend next period. Dividends are expected to...

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Finance

A stock is expected to pay a $2.25 dividend next period. Dividends are expected to grow at a constant rate of 4.8%. If the required return of the stock is 17.0%, what will the intrinsic value of the stock be in 5 periods, just after the 5th dividend is paid?

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