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ABC company's common stock just paid annual dividend of 8 per share. The required return on the common ock is 1 0 % . Dividends

ABC company's common stock just paid annual dividend of 8 per share. The required return on the common ock is 10%. Dividends are expected to grow yearly at 3% for the next four years, followed by a constant annual growth 2% in years 5 to infinity. Estimate the value of the common cstock. solve with formula approch not with excel and financial calculator

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