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Question 4 (1 point) You have been asked to value ABC's common stock. The stock just paid a dividend of $4.73. Dividends are paid annually.
Question 4 (1 point) You have been asked to value ABC's common stock. The stock just paid a dividend of $4.73. Dividends are paid annually. The dividend is expected to growth by 28.6% per year for the next 3 years. Thereafter the dividends will increase by 3.2% per year. The required rate of return is 14.5% compounded annually. What is the price of the stock today? Your answer should be accurate to two decimal places. Your
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