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ABC Corp.. just paid a dividend of $2.50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per

ABC Corp.. just paid a dividend of $2.50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a 13 percent return on the stock for the first three years, 11 percent return for the next five years, and then a 9 percent return thereafter.

  1. Determine the price of the stock at the end of Year 5?
  2. Determine the price of the stock at the end of Year 4?
  3. Determine the price of the stock at the end of Year 3?
  4. Determine the price of the stock at today?

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