Abc co presently does not pay a dividend but is expected to, Finance Basics

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Abc co presently does not pay a dividend but is expected to

Question: ABC Co. presently does not pay a dividend, but is expected to pay a dividend in year 3 of $.75 and the dividend then will increase at a constant rate of 5% annually. The rate of return is 10%. What is an estimate of the price of the stock today? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Abc co presently does not pay a dividend but is expected to

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