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sfdsProblem: IP Inc is expected to pay $1.70 dividends next

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sfdsProblem: IP Inc is expected to pay $1.70 dividends next year. The dividend growth rate is expected to be 7% forever. If the required rate of return for IP is 10% calculate the price of the stock using the constant growth model. If the stock is currently selling for $63, indicate whether the stock is underpriced or overpriced.

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a)Has correctly calculated the answer.
b)Correctly indicated whether the stock is underpriced or overpriced.
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