Question: The next dividend for ABC Corp. is expected to be $1.26. It will rise to $2.17 the next year and grow at a constant

The next dividend for ABC Corp. is expected to be $1.26. It will rise to $2.17 the next year and grow at a constant 5.9% from then on. The required return is 11.7%. What is the current price of the stock? $39.47 $32.45 O $36.58 $34.65

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