Question: I keep getting wrong on this question so please solve this carefully. thank you An investor has examined Home Depot stock and makes the following
I keep getting wrong on this question so please solve this carefully. thank you
An investor has examined Home Depot stock and makes the following predictions for the future:
| YEAR | 1 | 2 | 3 | 4 |
|---|---|---|---|---|
| DIVIDEND | $1.47 | $1.54 | $1.55 | $1.55 |
The investor believes the selling price in four years will be $75.41. If the investor wants a 15.00% return to hold the stock, what intrinsic value does the investor put on Home Depot today?
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