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The last dividend paid by Abbot Company was $ 3.47 Dividends are expected to grow at 13 % for the next 2 years, then grow

The last dividend paid by Abbot Company was

$ 3.47

Dividends are expected to grow at

13 %

for the next 2 years, then grow at a constant

2 %

indefinitely. If the required return is

5 %

what should be the current stock price?

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