The rate of discount for pricing this stock is 8 what


You are an analyst who covers the equity of Intel Corp. Each Intel stock will pay a dividend of $6.2 a year from now, and this dividend is expected to increase at a rate of 3.7% annually. The rate of discount for pricing this stock is 8%. What should the stock sell for today?

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Financial Management: The rate of discount for pricing this stock is 8 what
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