You want to value a stock, but it does not pay any dividends. The last...
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Finance
You want to value a stock, but it does not pay any dividends. The last periods FCFE was $6.01 and it has an estimated annual free cash flow growth rate of 7.91%. The required return for this stock is 11.94% and its long-term growth rate is 2.46%. It also has an ROE of 30.9%. What is the estimated intrinsic value using the constant state FCFE method? State your answer as a percentage with two decimal places and use the adjusted
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