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You are going to purchase 1 share of ABC common stock. ABC just paid a dividend of $4.60 per share. Dividends are paid annually. You

You are going to purchase 1 share of ABC common stock. ABC just paid a dividend of $4.60 per share. Dividends are paid annually. You expect the dividend to increase by 42% per year for the next 4 years. Thereafter dividends will grow by 3.8% per year. The stock has a required rate of return of 15.2% compounded annually. What is the price of the stock today?

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