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The next dividend for ABC Corp. is expected to be $ 1.24. It will rise to $ 2.47 the next year and grow at a

The next dividend for ABC Corp. is expected to be $ 1.24. It will rise to $ 2.47 the next year and grow at a constant 6.2 % from then on. The required return is 12.4 %. What is the current price of the stock?

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