What is the stock intrinsic value-grace corporation

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Grace Corporation common stock has a par value of $25 and recentlyn paid a dividend of $3.16 per share. The firm's dividends have grown from $1.50 to $3.16 over the past 9 years, which also reflects the expected growth in dividends for the indefinite future. The stock is selling for $40 and you think a reasonable required rate of return is 11%. What is the stock's intrinsic value?

Reference no: EM132495032

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