What is its intrinsic value per share

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Investors require a return of 12.7% per year to hold a stock. The stock’s last dividend was $0.94 per share and the dividends are expected to grow forever at a constant rate of 7.2% per year. What is its intrinsic value per share?

1) $18.32 2) $19.38 3) $17.09 4) $19.03 5) $18.24

Reference no: EM131602267

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