Business, 16.04.2020 19:38 swelch2010

ABC Inc paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.55, $1.63, and $1.65 a share over the next three years, respectively. After that, the dividend will be constant at $1.70 per share per year. What is the market price of this stock if the market rate of return is 11 percent?

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ABC Inc paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.55...

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