What will be abc stock price today

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Company ABC just paid a dividend of $3 .40 per share. The company will increase its dividend by 20% next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5% dividend grth after which the company will keep a constant grth rate forever. If the required return on ABC's stock is 13%, what will be ABC's stock price today?

Reference no: EM133120395

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