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Question 7 1 pts ABC,. Inc just paid a dividend of $27.71. The dividends are expected to grow by 19% in Years 1 and 2.

image text in transcribed Question 7 1 pts ABC,. Inc just paid a dividend of $27.71. The dividends are expected to grow by 19% in Years 1 and 2. After that, the dividends are expected to grow by 8% each year. If the required rate of return is 20%, what is today's price of the stock? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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