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The ABZ Company currently doesnt pay any dividends but is expected to start paying dividends in 5 years. The first dividend is expected to be
The ABZ Company currently doesnt pay any dividends but is expected to start paying dividends in 5 years. The first dividend is expected to be $1.00 and to grow at 6 percent thereafter. The required rate of return for the firm is 10 percent. What is the current stock price for ABZ?
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