Business
Business, 18.03.2020 04:34, nedy82

Intel has just paid a dividend of $62 per stock. Intel is expected to pay regular annual dividend indefinitely. The growth rate of Intel dividend is expected to be 10% in the first three years and then 3% indefinitely. If you require a return of 8%, how much are you willing to pay (in $) for the stock? Round your answer to at least 2 decimal places.

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Intel has just paid a dividend of $62 per stock. Intel is expected to pay regular annual dividend in...

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