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28-05-2023
Business

contestada

ABC,. Inc just paid a dividend of $22.82. The dividends are expected to grow by 23% in Years 1 and 2. After that, the dividends are expected to grow by 6% each year. If the required rate of return is 22%, what is today's price of the stock?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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