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Automatic Data Processing Inc. ( ADP ) , an information technology firm, has experienced abnormal growth. The company anticipates that it will grow at an
Automatic Data Processing Inc. ADP an information technology
firm, has experienced abnormal growth. The company anticipates
that it will grow at an abnormal rate of for the next three years.
After that, the growth rate will drop to match the industry's constant
growth rate of If investors require return and the firm's
dividend per share is expected to be $$ what should be
ADP's stock price?
Stock price $
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