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please answer with explanation The growth in dividends of ABC. Inc. is expected to be 15% per year for the next three years, followed by
please answer with explanation
The growth in dividends of ABC. Inc. is expected to be 15% per year for the next three years, followed by a growth rate of 8 per year for two years after this five-year period, the growth in dividends is expected to be 3% per year, indefinitely. The required rate of return on ABC, Inc. is 13%. Last year's dividends per share were $1.85. What should the stock sell for today? O $8.99 O $25.21 O $40.00 O $27.74 None of the options Step by Step Solution
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