What is its current stock price

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Reference no: EM131987338

ABC Company's last dividend was $1.1. The dividend growth rate is expected to be constant at 6% for 4 years, after which dividends are expected to grow at a rate of 3% forever. The firm's required return (rs) is 12%. What is its current stock price (i.e. solve for Po)?

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Reference no: EM131987338

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