At the end of the year, ABC will pay a $1.66 dividend per share After that the
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Question:
At the end of the year, ABC will pay a $1.66 dividend per share After that the dividend is expected to increase at a constant rate of 5% p.a. If you require a 18%p.a. return on the stock, what is the value of ABC stock? (round to the nearest cent; don't use $ sign)
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