Question: please help. A stock has a fairly stable dividend. It just paid a dividend of $1.11 and it has a stable dividend growth rate of

please help.

A stock has a fairly stable dividend. It just paid a dividend of $1.11 and it has a stable dividend growth rate of 3.5% per year. If an investor's required return is 8.47%, then what it the estimated intrinsic value using the constant state DDM? State your answer as a dollar amount with two decimal places
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