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ABC Company plans to pay its first dividend of $1.71 1 year from today (=Year 1), then to increase it at a relatively rapid rate

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ABC Company plans to pay its first dividend of $1.71 1 year from today (=Year 1), then to increase it at a relatively rapid rate of 50% in Year 2, and then to increase it at a constant rate of 6% thereafter. The company requires 15% for stockholders' annual returns. Year 0 1 2 3 Growth rate N/A N/A 50% 6% What is your estimate of the stock's current value? (Hint: Make sure to measure and include the PV of P2 using the CDG model) O $28.53 $26.27 O $27.05 $29.48 O $25.82

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