A stock just paid a dividend this morning of $1.32. Dividends are expected to grow...
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A stock just paid a dividend this morning of $1.32. Dividends are expected to grow at 12.00% for the next two years. After year 2, dividends are expected to grow at 8.81% for the following three years. At that point, dividends are expected to grow at a rate of 5.00% forever. If investors require a return of 15.00% to own the stock, what is its intrinsic value?
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