What is the estimated current price of a share of ABC Company stock based on the Dividend Growth Model? The

What is the estimated current price of a share of ABC Company stock based on the Dividend Growth Model? The

Question:

What is the estimated current price of a share of ABC Company stock based on the Dividend Growth Model? The annual required rate of return is 21.5%. ABC just paid their annual dividend of $3.33 a share and the expected growth rate of the dividend is 3.6% per year.

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