ABC Limited is experiencing a period of rapid growth. Earnings and dividends are expected to...
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ABC Limited is experiencing a period of rapid growth. Earnings and dividends are expected to grow at a rate of 20% during the next 3 years, at 10% in the 4th year, and at a constant rate of 4% thereafter. YYs last dividend was $2.00, and the required rate of return on the stock is 8%. Calculate the value of the stock today (4 marks)
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