Question: Show work please without excel. a. Company ABC has just paid dividend of $40. ABC dividends growth rate is expected to be equal to 5%

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

Show work please 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%

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