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The company ABC just paid $2 dividend per share, which will grow at 15% for the next three dividends. Afterwards, the dividends will level off
The company ABC just paid $2 dividend per share, which will grow at 15% for the next three dividends. Afterwards, the dividends will level off and grow at 5% per year forever. If the investors require 7% return on similar investments, what is the rice of stock today? Please show all your work (timeline, formula, variables, calculator keystrokes if any).
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