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ABC enterprises has the following expected dividends: $1 in one year from today, $2 in two years from today, and $4 in three years from
ABC enterprises has the following expected dividends: $1 in one year from today, $2 in two years from today, and $4 in three years from today. After then, its dividends are expected to grow at 4% per year forever; so that year 4s dividend will be 4% greater than year 3s dividend ($4) and so on If ABCs equity cost of capital is 10%, what is the current price of its stock?
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