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ABC Company plans on increasing its annual dividend by 6% percent, 5%, and 4% at the end of the next three years.After that, growth is
ABC Company plans on increasing its annual dividend by 6% percent, 5%, and 4% at the end of the next three years.After that, growth is expected to slow to a constant rate of 2% per year.The company just paid its annual dividend in the amount of $3.00 per share. What is the current value of one share of this stock if the required rate of return is 12 percent?
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