Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 24% for
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Question:
Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 24% for two years and then at 4% thereafter. If the required return for Deployment Specialists is 9.0%, what is the intrinsic value of Deployment Specialists stock?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Intrinsic value
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