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1. The current annual dividend of ABC corporation is $2.00 per share. Five years ago the dividend was $1.36 per share. The firm expects dividends
1. The current annual dividend of ABC corporation is $2.00 per share. Five years ago the dividend was $1.36 per share. The firm expects dividends to grow in the future at the same compound annual rate as they grew during the past five years. The required rate of return on the firm's common stock is 12%. The expected return on the market portfolio is 14%. What is the value of a share of common stock using the constant dividend growth madal' (Daiund ta tha nasect dallar)
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