FIA. Co just paid a dividend of $10, and its dividend is expected to grow at 13 percent for next year, and 11 percent th

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answerhappygod
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FIA. Co just paid a dividend of $10, and its dividend is expected to grow at 13 percent for next year, and 11 percent th

Post by answerhappygod »

FIA. Co just paid a dividend of $10, and its dividend is
expected to grow at 13 percent for next year, and 11
percent the year after. After you receive the second dividend,
you expect to sell the stock at $88 immediately. Assume that
the discount rate is 15 percent. What is the intrinsic value
of the stock?
Answer format:
two decimals, round up
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