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Business, 25.07.2020 22:01 lauriepdx

Pacor Industries recently paid its annual dividend of $2. Dividends have consistently grown at a rate of 2.2%. Analysts estimate that the stock has a beta of 1.12. The current risk-free rate is 2.4% and the market return is 10.7%. Assuming that CAPM holds, what is the intrinsic value of this stock? Group of answer choices $20.67 $21.52 $21.24 $22.19 $20.64

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