question archive The Belgravia Corporation is expected to pay a dividend of $1
The Belgravia Corporation is expected to pay a dividend of $1
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The Belgravia Corporation is expected to pay a dividend of $1.75 per share next year. If the required rate of return is 12.3 percent per year and dividends are expected to grow indefinitely at a constant rate of 9.2 percent per year, the intrinsic value of Belgravia Corporation stock is (round the answer to 2 decimal places):
Option 1
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