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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 percent for the next three years. After this rapid growth period, the dividends will fall to a constant growth rate of percent thereafter. The last dividend paid by this company equaled $ 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 decimal places, eg
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