Question: Question content area top Part 1 Jack is considering a stock purchase. The stock pays a constant annual dividend of $2.13 per share and is

Question content area top Part 1 Jack is considering a stock purchase. The stock pays a constant annual dividend of $2.13 per share and is currently trading at $13.58. Jack's required rate of return for this stock is 11.9%. Should he buy this stock?

The intrinsic value of the stock that Jack is considering is $ . (Round to the nearest cent.)

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