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ABC has issued a dividend of Rs. 2 last year. The dividend is expected to grow at 5% per year in the next 3 years:

ABC has issued a dividend of Rs. 2 last year. The dividend is expected to grow at 5% per year in the next 3 years: the porice of stock three years hence is say RS. 34,72 which means P3 = Rs, 34.72 discounted at 12% rate. Calculate the present value of stock ?

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