Stock will pay cash dividend

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Reference no: EM131861282

SOLVE THE FOLLOWING USING EXCEL, PLEASE SHOW ALL FORMULAS USED: ABC Co's stock will pay a cash dividend of $3.50 next year. After that, the dividends are expected to increase indefinitely at 4% per year. If the Company's discount rate is 12%, what should the stock price be? (round to nearest cent - 2 decimals)

Reference no: EM131861282

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