(Answered) Abc companys last dividend was 36 the dividend growth rate

Economics

ABC Company's last dividend was $3.6. The dividend growth rate is expected to be constant at 9% for 4 years, after which dividends are expected to grow at a rate of 3% forever. The firm's required return (rs) is 14%. What is its current stock price (i.e. solve for Po)?

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Business Economics, Economics

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