Confirm that the intrinsic value of Chevron using the same data as in our example, but assuming

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Confirm that the intrinsic value of Chevron using the same data as in our example, but assuming that beta is .85, is in fact $135.05. First calculate the discount rate and stock price in 2023. Then calculate the present value of all interim dividends plus the present value of the 2023 sales price.

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ISE Essentials Of Investments

ISBN: 9781265450090

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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