ABC is a successful transport company in New York. Their finance manager forecasts the following...
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Finance
ABC is a successful transport company in New York. Their finance manager forecasts the following growth rates for the next 3 years: 35 per cent, 28 per cent and 22 per cent. The company then expects to grow at a constant rate of 9 per cent for the next several years. The company paid a dividend of $1.75 last week. If the required rate of return is 20 per cent, what is the market value of this share?
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