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ABC stock currently pays a cash dividend of $0.92 per share. For the next two years, its cash dividend will grow at 30% per year.
ABC stock currently pays a cash dividend of $0.92 per share. For the next two years, its cash dividend will grow at 30% per year. After that, its cash dividend is expected to grow at an annual rate of 12% forever and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock? 
2. ABC stock currently pays a cash dividend of $0.92 per share. For the next two years, its cash dividend will grow at 30% per year. After that, its cash dividend is expected to grow at an annual rate of 12% forever and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock
ABC stock currently pays a cash dividend of $0.92 per share. For the next two years, its cash dividend will grow at 30% per year. After that, its cash dividend is expected to grow at an annual rate of 12% forever and the required rate of return for ABC stock is 15%. What is the fair value for ABC stock?
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