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QUESTION
Johnsey Industries' current dividend is $2. The average growth rae for the past many years has been steady at 8%, but the consensus of the analysts...
Johnsey Industries' current dividend is $2. The average growth rae for the past many years has been steady at 8%, but the consensus of the analysts is that the expected growth rate is 6%. K = 16% The intrinsic value of this stock is:
a. $20
b. $18.80
c. $9.09
d. $21.20
