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Suppose that the last dividend paid on ABC stock is $100. The dividends are expected to grow at a rapid growth rate of 10% over

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Suppose that the last dividend paid on ABC stock is $100. The dividends are expected to grow at a rapid growth rate of 10% over the next three years, then at a constant growth rate of 4% per year thereafter. Your financial analyst managed to collect data on AAA stock, - a similar stock at the same risk class as follows: Scenario Probability Rate of return Recession 0.5 -14% Expansion 0.5 38% Determine the fundamental price of ABC stock. Keep your answer to three decimaplaces in all calculations

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