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Question 7 1 pts ABC, Inc just paid a dividend of $2.6. The dividends are expected to grow by 20% in Years 1-3. After that,

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Question 7 1 pts ABC, Inc just paid a dividend of $2.6. The dividends are expected to grow by 20% in Years 1-3. After that, the dividends are expected to grow by 7% each year. If the required rate of return is 12%, 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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