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ABC,. Inc just paid a dividend of $12.46. The dividends are expected to grow by 20% in Year 1, 14% in Year 2, and 9%
ABC,. Inc just paid a dividend of $12.46. The dividends are expected to grow by 20% in Year 1, 14% in Year 2, and 9% in Year 3. After that, the dividends are expected to grow by 6% each year. If the required rate of return is 12%, what is today's price of the stock?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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