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Question of the Week - Equity
A stock priced at £35.73 is projected to pay dividends of £1.50, £2.00, and £2.50 at the end of the next three years. At the time of the third dividend, the stock is expected to be worth £36.23. If the required rate of return for this stock is 10%, the intrinsic value of the stock is closest to:
Question of the Week - Equity 16 votes