Question: The next dividend for ABC Corp. is expected to be $1.28. It will rise to $ 2.06 the next year and grow at a constant

The next dividend for ABC Corp. is expected to be $1.28. It will rise to $ 2.06 the next year and grow at a constant 6.2% from then on. The required return is 12.1%.

What is the current price of the stock?

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