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Question 18 4 pts ABT is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors

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Question 18 4 pts ABT is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect ABT to begin paying dividends starting with $1 per share 1 year from today and will grow rapidly at 25% for three years; after year 4, growth should be a constant 6.75% per year. If the required rate of return on ABT = 13.5%, what is the value of its stock today? $22.71 $21.47 O $24.33 $25.01 $23.26

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