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Business, 19.12.2021 14:00 thedocgalloway

A stock, JJYT, pays currently pays an annual dividend of $1.00 and is expected to grow at 20.00% for two years. After the first two years it will grow at 4.00% indefinitely. The required return for JJYT is 8.50%.Calculate the intrinsic value of the stock.

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