73. An investor gathers the following information about a company: Current dividend per share $3
Historical annual dividend growth rate 4%
Expected annual dividend growth rate for the next three years 8%
Expected stock value per share at the end of Year 3 $33
If the investors’ required rate of return is 15%, the current estimate of the intrinsic value per share
is closest to:
A. $29.65.
B. $29.08.
C. $28.36.
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