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A) ABC,. Inc just paid a dividend of $38.14. The dividends are expected to grow by 13% in Years 1-4. After that, the dividends are
A) ABC,. Inc just paid a dividend of $38.14. The dividends are expected to grow by 13% in Years 1-4. After that, the dividends are expected to grow by 8% each year. If the required rate of return is 19%, what is today's price of the stock?
B)ABC,. Inc just paid a dividend of $2.54. The dividends are expected to grow by 16% in Year 1, 17% in Year 2, and 10% in Year 3. After that, the dividends are expected to grow by 6% each year. If the required rate of return is 13%, what is today's price of the stock?
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