What is the per-share estimate of the stock intrinsic value

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Problem - Smythe Industries just paid a dividend of D = $1.80. Analysts expect the company's dividend to grow by 12% this year, by 8% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 7.00%. What is the per-share estimate of the stock's intrinsic value?

Reference no: EM132898355

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