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ABC Inc. just paid a dividend of $1.29. It expects its earnings and dividends to increase at a rate of 8% per year for 3

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ABC Inc. just paid a dividend of $1.29. It expects its earnings and dividends to increase at a rate of 8% per year for 3 years and then decrease at a rate of 3% per year indefinitely. What is the value of the stock today if the required return is 12%? The value of the stock today is $ Note: Please retain at least 4 decimal places in your calculations and at least 2 decimal places in your

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