Current price=D1/(Required return-Growth rate)
=(1.65*1.07)/(0.12-0.07)
=$35.31
P3=Current price*(1+Growth rate)^3
=35.31*(1.07)^3
=43.26(Approx)
Question 29 5 points Save Answer ABC Co.. just paid a dividend of $1.65 per share...
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