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based on the following information use a two-stage growth model to estimate the ABC corporation stock price. The most recent dividend: $9.00 Investors RRR: 28.4%

based on the following information use a two-stage growth model to estimate the ABC corporation stock price.

The most recent dividend: $9.00

Investors RRR: 28.4%

Expected dividend growth rate for the next 2 years: 15%

Expected dividend growth rate thereafter: 5.5%

Round final answer to nearest dollar

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