The dividend growth rate is expected to be constant at 7


ABC Company's last dividend was $1.9. The dividend growth rate is expected to be constant at 7% for 4 years, after which dividends are expected to grow at a rate of 5% forever. The firm's required return (rs) is 10%. What is its current stock price (i.e. solve for Po)?

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Financial Management: The dividend growth rate is expected to be constant at 7
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