A stock is expected to pay a dividend of 100 next year and, Financial Management

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A stock is expected to pay a dividend of 100 next year and

A stock is expected to pay a dividend of $1.00 next year and $1.50 in 2 years, after that the dividend is expected to grow at a constant rate of 4% per year forever. The stock s required rate of return is 11%. What is intrinsic value of the stock today?

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Financial Management: A stock is expected to pay a dividend of 100 next year and

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Financial Management: A stock is expected to pay a dividend of 100 next year and

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