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Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a...

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Finance

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Caskey Inc. is experiencing a period of growth. Dividends are expected to grow at a rate of 12.00% for the next two years and 6.00% thereafter. Yesterday the corporation paid a dividend of $1.17. If the required rate of return is 13.00%, what is the intrinsic value of the stock? Submit Answer format: Currency: Round to: 2 decimal places

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