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Abbley INC just paid $5 dividends. The company is growing very fast; therefore, they are expecting to increase their dividend payments by 20% over the

Abbley INC just paid $5 dividends. The company is growing very fast; therefore, they are expecting to increase their dividend payments by 20% over the next 5 years and then they will pay a fixed amount of payment for the unforeseen future.

What would be the appropriate stock price if the discount rate is 5%?

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