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What is the estimated current price of a share of ABC Company stock based on the Dividend Discount Model? The annual required rate of return
What is the estimated current price of a share of ABC Company stock based on the Dividend Discount Model? The annual required rate of return is 14.8%. ABC just paid their annual dividend of $1.70 a share and the expected growth rate of the dividend is 5% per year. Answer to the nearest penny.
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