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ABC Co. just paid a dividend of $1.55 per share on its stock. The dividends are expected to grow at a constant role of 6,5% p
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Answer #1

Current price=D1/(Required return-Growth rate)

=(1.55*1.065)/(0.115-0.065)

=33.015

P15=Current price*(1+Growth rate)^15

=33.015(1.065)^15

=84.91(Approx)

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