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answer asap plz Earnings per common share of ABC Industries for the current year are expected to be $2.2 and to grow 8% per year
answer asap plz
Earnings per common share of ABC Industries for the current year are expected to be $2.2 and to grow 8% per year over the next 4 years. At the end of the 5 years, earnings growth rate is expected to fall to 6% and continue at that rate for the foreseeable future. ABC 's dividend payout ratio is 35%. If the expected return on ABC 's common shares is 19%, calculate the current share price. (Do not round intermediate calculations. Round your answer to the nearest cent.) Step by Step Solution
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