What is today price of the stock

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ABC,. Inc just paid a dividend of $9.09. The dividends are expected to grow by 17% in Year 1, 12% in Year 2, and 10% in Year 3. After that, the dividends are expected to grow by 6% each year. If the required rate of return is 18%, what is today's price of the stock?

Reference no: EM132466134

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