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ABC,. Inc just paid a dividend of $8.16. The dividends are expected to grow by 18% in Year 1, 19% in Year 2, and 5%

ABC,. Inc just paid a dividend of $8.16. The dividends are expected to grow by 18% in Year 1, 19% in Year 2, and 5% in Year 3. After that, the dividends are expected to grow by 9% each year. If the required rate of return is 16%, what is today's price of the stock?

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