Question
ABC,. Inc just paid a dividend of $18.66. The dividends are expected to grow by 17% in Years 1-4. After that, the dividends are expected
ABC,. Inc just paid a dividend of $18.66. The dividends are expected to grow by 17% in Years 1-4. After that, the dividends are expected to grow by 8% each year. If the required rate of return is 21%, 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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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
