Question: Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock: Current price per share = 22.70 Current annual

Using a two-stage dividend discount model, compute the intrinsic value using

Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock: Current price per share = 22.70 Current annual dividend per share = 1.67 Annual dividend growth rate for Years 1-4 = 9.00% Annual dividend growth rate for Years 5+ = 5.00% Required rate of return = 10.00% (Enter your answer as a number with two decimal places, like this: 12.34)

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