A common stock just paid a 200 dividend that will grow at 5


A common stock just paid a $2.00 dividend that will grow at 5% for years 1 and 2, then at 3% for year 3, then at 2% thereafter. If you require a 9% return, what is the intrinsic value of the stock?

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Finance Basics: A common stock just paid a 200 dividend that will grow at 5
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