What is the best estimate of the stock current market value

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ABC just paid a dividend of D0 = $4.1. Analysts expect the company's dividend to grow by 31% this year, by 21% in Year 2, and at a constant rate of 6% in Year 3 and thereafter. The required return on this stock is 11%. What is the best estimate of the stock's current market value?

Reference no: EM13260532

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