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Tyler Toys Currently Earns $3

Question 31

Multiple Choice

Tyler Toys currently earns $3.00 per share and currently pays $1.20 per share in dividends. It is expected to have a constant growth rate of 7 per cent per year. The required rate of return is 14 per cent. What is the intrinsic value of this stock?


A) $42.86
B) $18.34
C) $17.14
D) $40.05

Correct Answer:

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