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( 5 points ) ABC Inc's first quarterly dividend of $ 2 per share is expected to be paid 6 months from today. From then

(5 points) ABC Inc's first quarterly dividend of $2 per share is expected to be paid 6 months from
today. From then on, dividends will grow by 2% per quarter for three years. After three years, the
dividends will start declining by 1% per quarter in perpetuity. Assume that ABC's required rate of
return is 15%(Effective annual rate). What is the price of a share of ABC today?
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