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ABC just paid a dividend of D 0 = $ 2 . 0 0 . Analysts expect the company's dividend to grow by 1 0

ABC just paid a dividend of D0=$2.00. Analysts expect the company's dividend to grow by 10% this
year, by 10% in Year 2, by 8% in Year 3, and at a constant rate of 5% in Year 4 and thereafter. The
required return on this low-risk stock is 10.00%. What is the best estimate of the stock's current market
value?
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