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Company ABC is expected to pay a dividend of $8.38 a year from now. This dividend is expected to grow at 16.62% for the next
Company ABC is expected to pay a dividend of $8.38 a year from now. This dividend is expected to grow at 16.62% for the next two years and at 11.25% forever after. The return that investors expect on ABC is 20.16%. (a) Determine ABC's stock price today. (b) What is the expected price of ABC's stock one year from now
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