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ABC Corp. issued the dividend of $3.00 this year. Assume this dividend will grow at the annual percentage of 30% each year for next 3
ABC Corp. issued the dividend of $3.00 this year. Assume this dividend will grow at the annual percentage of 30% each year for next 3 years, and that it will then grow by 3.2% each year indefinitely afterwards. Assuming the discount rate of 13.4%, what is the market value of ABC Corp.s shares under the Dividend Growth Model? Group of answer choices
$61
$67
$58
$51
$54
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