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Business, 29.02.2020 02:55 imsmart916

A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at 6% per year indefinitely. The stock's required return is 14%. The intrinsic value of a share today is (number only, round to two decimal places):

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A firm is planning on paying its first dividend of $2 three years from today. After that, dividends...
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