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ABC Enterprises' stockis expected to pay a dividend of$2.2 per share.The dividend is projected to increase at a constant rate of 4.8% per year.The required

ABC Enterprises' stockis expected to pay a dividend of$2.2 per share.The dividend is projected to increase at a constant rate of 4.8% per year.The required rate of return on thestockis 19.9%.What is the stock's expected price 3 years from today (i.e. solve for P3)?

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