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

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Question - Bickum Inc. just paid a dividend of Do = $4.50. 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 stock is 10.00%. What is the per-share estimate of the stock's intrinsic value?

Reference no: EM133147494

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