Problem 5 Intro A stock just paid an annual dividend of $8. The dividend is...

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Problem 5 Intro A stock just paid an annual dividend of $8. The dividend is expected to grow by 6% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 15 and the payout ratio to be 60%. The required rate of return is 8%. UA- Attempt 2/10 for 1.05 pts Part 1 What is the intrinsic value of the stock? 0+ decimals Submit

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