Question: Question 22 3 points Save Answer Supernormal GMR Inc. expects to pay the following dividends over the next three years: $4.00, $4.40, and $4.84.

Question 22 3 points Save Answer Supernormal GMR Inc. expects to pay

Question 22 3 points Save Answer Supernormal GMR Inc. expects to pay the following dividends over the next three years: $4.00, $4.40, and $4.84. After that, Supernormal GMR's dividends will grow at a constant rate of 3% thereafter (to infinity and beyond). If Supernormal GMR's shareholders require a return of 7%, what is the intrinsic price of one share of Supernormal GMR's stock? TTT Arial 3(12pt)

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