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Abacus Corporation will pay dividends of $2.18, $2.96, and $3.09 in the next three years. After three years, the dividends are expected to grow at
Abacus Corporation will pay dividends of $2.18, $2.96, and $3.09 in the next three years. After three years, the dividends are expected to grow at a constant rate of 6 percent per year. If the required rate of return is 13.83 percent, what is the current value of the Abacus common stock?
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