Question: A stock is expected to pay a $4.90 dividend next period. Dividends are expected to grow at a constant rate of 8.8%. If the required

A stock is expected to pay a $4.90 dividend next period. Dividends are expected to grow at a constant rate of 8.8%. If the required return of the stock is 12.0%, what will the intrinsic value of the stock be in 11 periods, just after the 11th dividend is paid?

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