Stock abc has an expected growth rate of 12 for the first 2


Stock ABC has an expected growth rate of 12% for the first 2 years and 5% thereafter.  Each share of stock just received an annual $2.00 dividend per share.  The appropriate discount rate is 10%.  What is the value of the common stock under this scenario?

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Financial Management: Stock abc has an expected growth rate of 12 for the first 2
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