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  • 02-06-2023
  • Business
contestada

ABC. Inc just paid a dividend of $15.58. The dividends are expected to grow by 15% in Year 1, 13% in Year 2, and 8% in Year 3. After that, the dividends are expected to grow by 9% each year. If the required
rate of return is 14%, what is today's price of the stock?

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