ABC, Inc. is expected to pay a dividend of $8.68 next year. The dividends are expected to

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ABC, Inc. is expected to pay a dividend of $8.68 next year. The dividends are expected to grow at 9.9% each year forever. The required rate of return on the stock is 20.79%. What is today's price of the stock?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Posted Date: Apr 25, 2024 06:47 AM

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ABC, Inc. is expected to pay a dividend of $8.68 next year. The dividends are expected to

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