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ABC CORP EXPECTS TO INCREASE ITS ANNUAL DIVIDEND BY 20% PER YEAR FOR THE NEXT 2 YEARS THEN 15% PER YEAR FOR THE FOLLOWING 2
ABC CORP EXPECTS TO INCREASE ITS ANNUAL DIVIDEND BY 20% PER YEAR FOR THE NEXT 2 YEARS THEN 15% PER YEAR FOR THE FOLLOWING 2 YEARS. AFTER THAT ABC CORP WILL PAY A CONSTANT DIVIDEND OF $3 ANNUALLY. THE LAST DIVIDEND PAID WAS $1 PER SHARE WHAT IS THE CURRENT VALUE OF THIS STOCK IF THE REQUIRED RATE OF RETURN IS 12%
CAN YOU SHOW THE FORMULA SO I CAN LEARN
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