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Question 79 (2 points) Currently ABC stock pays no dividend. Analysts forecast that in 4 years ABC will pay its first annual dividend of $2.30
Question 79 (2 points) Currently ABC stock pays no dividend. Analysts forecast that in 4 years ABC will pay its first annual dividend of $2.30 and dividends will grow at 5% per year thereafter. If stocks with similar risk earn a return of 12%, what is the current share price of ABC? $20.88 $23.39 $26.82 $28.38 $32.86
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