What is today price of the stock

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ABC,. Inc just paid a dividend of $25.62. The dividends are expected to grow by 10% in Years 1-3. After that, the dividends are expected to grow by 7% each year. If the required rate of return is 11%, 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.

Reference no: EM132375511

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