What is the best estimate of stock current market value

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ABC just paid a dividend of D0 = $4.5.  Analysts expect the company's dividend to grow by 34% this year, by 28% in Year 2, and at a constant rate of 7% in Year 3 and thereafter.  The required return on this stock is 17%.  What is the best estimate of the stock’s current market value?

Reference no: EM131117632

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