Deployment Specialists just paid an annual dividend of $ 1 . Their dividend is expected to grow

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Question:

Deployment Specialists just paid an annual dividend of $

1 .

Their dividend is expected to grow at

20 %

for two years and then at

4 %

thereafter. If the required return for Deployment Specialists is

9.5 %,

what is the intrinsic value of Deployment Specialists stock? Round your answer to two decimal places.

Related Book For answer-question

Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Mar 19, 2024 04:36 AM

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Deployment Specialists just paid an annual dividend of $ 1 . Their dividend is expected to grow

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Intermediate Financial Management

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