Question: please answer with workings. ABC has just paid a dividend of $2. Dividends are expected to grow at 20% for the first 2 years; 15%

please answer with workings. ABC has just paid a dividend of

please answer with workings.

ABC has just paid a dividend of $2. Dividends are expected to grow at 20% for the first 2 years; 15% for years 3 and 4; 5% continuously thereafter. Investors want a 12% return. Calculate the stock price now

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