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Question #7 ABC,. Inc just paid a dividend of $49.49. The dividends are expected to grow by 21% in Years 1-4. After that, the dividends

Question #7

ABC,. Inc just paid a dividend of $49.49. The dividends are expected to grow by 21% in Years 1-4. After that, the dividends are expected to grow by 6% each year. If the required rate of return is 23%, what is today's price of the stock?

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