Question: abc is a young start-up company. No dividends will be paid on the stock over the next 9 years because the firm needs to plow

abc is a young start-up company. No dividends will be paid on the stock over the next 9 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $15.75 per share in 10 years and will increase the dividend by 4.8 percent per year thereafter. If the required return on this stock is 12 percent, what is the current share price.?

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