Abc corp is expected to pay a dividend next year of 200 per

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ABC Corp. is expected to pay a dividend next year of $2.00 per share. Both sales and profits are expected to grow at a rate of 15% in year 2 and 3 and then %5 per year after. Dividend growth is expected to match sales growth. If the required return is 14%, what is the value of a share of ABC Corp's stock?

Reference no: EM13598663

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