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ABC corporation has just paid $2 dividends on their common stocks. As a fast evolving business, ABC is anticipating that the next two years'

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ABC corporation has just paid $2 dividends on their common stocks. As a fast evolving business, ABC is anticipating that the next two years' growth rate will be 20%. After that, they believe it will slow down to 12% for 3 years before stabilizing at the industry average 3% forever. ABC's expected rate of return is 11%. What should be the stock price for ABC corporation according to the DDM today?

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