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ABC, Inc. is expected to pay a dividend of $8.68 next year. The dividends are expected to grow at 9.9% each year forever. The required
ABC, Inc. is expected to pay a dividend of $8.68 next year. The dividends are expected to grow at 9.9% each year forever. The required rate of return on the stock is 20.79%. What is today's price of the stock?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
