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You expect the following dividends from ABC Stock: Year 1 - $3.00 Year 2 - $2.00 Year 3 - $1.00 You expect that from year

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You expect the following dividends from ABC Stock: Year 1 - $3.00 Year 2 - $2.00 Year 3 - $1.00 You expect that from year 4 onward, the dividend will grow at a constant 3% growth rate. If your required rate of return is 7%, what is your estimate for the current stock price

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