Abcs last dividend was 32 the dividend growth rate is


Question: ABC's last dividend was $3.2. The dividend growth rate is expected to be constant at 31% for 3 years, after which dividends are expected to grow at a rate of 7% forever. If the firm's required return (r_s) is 11%. what is its current stock price (i.e. solve for P_o)?

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Finance Basics: Abcs last dividend was 32 the dividend growth rate is
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