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Consider the following company. Company ABC pays dividends and these dividends are expected to grow at a rate of 3 0 percent for the next

Consider the following company. Company ABC pays dividends and these dividends are expected to grow at a rate of 30 percent for the next three years. After this rapid growth period, the dividends will fall to a constant growth rate of 4 percent thereafter. The last dividend paid by this company equaled $2.65. Based on the riskiness of this company, your required return is ten percent. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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