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ABC Company's has the following data: Current stock price$10 Last dividend paid$0.50 Required rate of return = rs10% Assume that dividend is expected to grow

ABC Company's has the following data:

Current stock price$10

Last dividend paid$0.50

Required rate of return = rs10%

Assume that dividend is expected to grow at a constant rate, g, in the future.

Assume that the company has strong financial conditions and it is classified with low risk.

Assume rs is expected to remain at 10%, after 5 years from now

Find the stock price for ABC Company?

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