Question: Show work please and without excel. a. Company ABC has just paid dividend of $40. ABC dividends growth rate is expected to be equal to

 Show work please and without excel. a. Company ABC has just

Show work please and without excel.

a. Company ABC has just paid dividend of $40. ABC dividends growth rate is expected to be equal to 5% for the coming 5 years, 10% for the next 5 years, and 2% thereafter. What is the price of ABC stock today if the required rate of return on ABC's equity is 10%? b. Define agency conflict. Explain the agency conflict between (1) Managers vs Shareholders ii. Shareholders vs Bondholders

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