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Company ABC suspended its dividend payments to meet its cash reserve needs. You expect the company to resume paying annual dividends at the end of

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Company ABC suspended its dividend payments to meet its cash reserve needs. You expect the company to resume paying annual dividends at the end of year 5 . The dividend paid in year 5 will be $2.24 per share, and it is expected to grow at a rate of 4% per year. If the company's equity cost of capital is 13%, estimate the value of ABC's share today

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