A company is forecast to pay a quarterly dividend of $0.35 for the next 16...

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Finance

A company is forecast to pay a quarterly dividend of $0.35 for the next 16 quarters. After the 16-quarter period, the company is suggesting a dividend growth rate of 1.5%. Using the APT technique, you determine the appropriate required rate of return is 8.5%. What is the company's intrinsic value?

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