Suppose that a company paid $ 4 per share dividend last year, its dividend is expected to
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Question:
Suppose that a company paid $ 4 per share dividend last year, its dividend is expected to grow at 10 percent for the next 8 years and 2 percent thereafter. If its cost of equity is 8 percent, what is the intrinsic value of this stock using non-constant growth dividend discount model?
Group of answer choices
- 102.17
- 124.88
- 96.5
- 107.85
- 113.53
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