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ABC,. Inc just paid a dividend of $ 2 8 . 9 3 . The dividends are expected to grow by 2 2 % in

ABC,. Inc just paid a dividend of $

28.93 .

The dividends are expected to grow by

22 %

in Years

1 - 4 .

After that, the dividends are expected to grow by

7 %

each year. If the required rate of return is

24 %,

what is today's price of the stock?

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