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Problem 1: The ABC co. expected dividend next year is $3.00. Its dividend growth rate is expected to be constant at 12% one year after,

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Problem 1: The ABC co. expected dividend next year is $3.00. Its dividend growth rate is expected to be constant at 12% one year after, 8% in the year after and then is expected to grow at a rate of 5% forever. ABC beta is 1.3; Market risk premium is 6%; Treasury rate is 3%. What is ABC stock price

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