Question: SD Co . expected to pay $ 2 . 3 5 per share in dividends next year. Dividends are expected to grow at 4 .

SD Co. expected to pay $2.35 per share in dividends next year. Dividends are expected to grow at 4.5% per year. The SDs ROE is 13%, their Beta is 0.9, market required return is 14%, and Risk free rate is 2.5%. What must be SDs stock intrinsic value?

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