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Question 20 2.5 pts Assume ABC Corp. pays the dividend of $5.60 this year. For the next 30 years, the firm's dividend will grow by
Question 20 2.5 pts Assume ABC Corp. pays the dividend of $5.60 this year. For the next 30 years, the firm's dividend will grow by 5.1%, then it will grow by 4.6% each year afterwards. The required rate of return for the firm's industry is 11.1%. What is the present value of the firm's stock under the Dividend Discount Model? $79.54 $96.58 $17.03 O $91.02
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