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ABC Company currently pays a dividend of $2.15 per share, D 0 =2.15. It is estimated that the companys dividend will grow at a rate
ABC Company currently pays a dividend of $2.15 per share, D0=2.15. It is estimated that the companys dividend will grow at a rate of 30 percent per year for the next 3 years, then the dividend will grow at a constant rate of 8 percent thereafter. The market rate of return is 11 percent. What would you estimate is the stocks current price?
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