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ABC Company is currently facing abnormally high growth. The company assumes dividends to grow at a rate of 20 percent for the next 4 years,
ABC Company is currently facing abnormally high growth. The company assumes dividends to grow at a rate of 20 percent for the next 4 years, after which time there will be no growth (g = 0) in dividends. The companys last dividend was $1.50. The required return on stock is 18%. What should be the current common stock price?
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