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Assume ABC Corp. pays the dividend of $4.35 this year. For the next 35 years, the firm's dividend will grow by 5.2%, then it will
Assume ABC Corp. pays the dividend of $4.35 this year. For the next 35 years, the firm's dividend will grow by 5.2%, then it will grow by 4.7% each year afterwards. The required rate of return for the firm's industry is 10.5%. What is the present value of the firm's stock under the Dividend Discount Model? $70.89 $14.06 $85.38 O $84.94
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