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ABC is expected to grow at an annual 30% rate for next three years and then to grow at a constant rate of 10%. The

ABC is expected to grow at an annual 30% rate for next three years and then to grow at a constant rate of 10%. The required rate of return is 18%. Last dividend paid was $3.00. The present value of the stock is.

$33.24 b. $50.86 c. $66.12 d. $106.18 e. $90.63

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