Determining the required return for boatright

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At the beginning of 2010 stock of Boatright Stores is projecting the following dividends

Year Dividend

2010 1.02
2011 1.08
2012 1.34

After this dividend growth will be steady. Value Line forecasts a retention rate of 35% and a long term ROE of 9%. The required return for Boatright is 15%. The intrinsic value of Boatright is ________.

Reference no: EM132455484

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