Question: Dont use Excel, type it out, show all work Suppose ABC Inc.'s expected dividend for next year is $5.9 and it is expected to grow

Dont use Excel, type it out, show all work Suppose ABC

Dont use Excel, type it out, show all work

Suppose ABC Inc.'s expected dividend for next year is $5.9 and it is expected to grow at a constant rate of 1.6% perpetually. Compute the current value of the stock if the required rate of return = 13.8%. Round your answer to two decimal places

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