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A stock just paid an annual dividend of $7.3. The dividend is expected to grow...

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Accounting

image A stock just paid an annual dividend of $7.3. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 13 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 Attempt 3/5 for 10 pts. What is the intrinsic value of the stock

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