Stock X is expected to pay $2 dividend per year for ten years and then a $20 liquidating dividend in the tenth year. The

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answerhappygod
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Stock X is expected to pay $2 dividend per year for ten years and then a $20 liquidating dividend in the tenth year. The

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Stock X is expected to pay $2 dividend per year for ten years and then a $20 liquidating dividend in the tenth year. The appropriate discount rate is 12%. What is X's intrinsic value?
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