What is today price of the stock

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ABC,. Inc just paid a dividend of $21.58. The dividends are expected to grow by 18% in Years 1 and 2. After that, the dividends are expected to grow by 4% each year. If the required rate of return is 12%, 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: EM132376407

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