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ABC Enterprises’ stock is expected to pay a dividend of $1.9 per share

Question 18 ABC Enterprises’ stock is expected to pay a dividend of $1.9 per share. The dividend is projected to increase at a constant rate of 8.9% per year. The required rate of return on the stock is 15.6%. What is the stock’s expected price 3 years from today (i.e. solve for P3)? Attachments: Q.docx

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