What is the intrinsic value of the companys stock

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Reference no: EM131970388

Lincoln National just paid out a dividend of $2.84 and dividends are expected to grow at 5% each year.

If the required rate of return is 12%, what is the intrinsic value of the company's stock?

Your answer should be between 14.75 and 78.62, rounded to 2 decimal places, with no special characters.

Reference no: EM131970388

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