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ABC Corp. is experiencing rapid growth. The company is expected to pay the following dividends over the next 5 years: $2, $3, $4, $5, $5.5.
ABC Corp. is experiencing rapid growth. The company is expected to pay the following dividends over the next 5 years: $2, $3, $4, $5, $5.5. Afterwards, the company pledges to maintain a constant growth of 3% forever. The required rate of return on the stock is 8%. Calculate the price per share. (Round to 2 decimals)
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