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ABC Corp. most recently paid an annual dividend of $3.7. Future dividends are projected to...

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Finance

ABC Corp. most recently paid an annual dividend of $3.7. Future dividends are projected to grow at 11.5% for the next 3 years. After that, dividends are expected to increase by 4.1% annually into perpetuity. What is the intrinsic value per share of the stock assuming a 11.7% required return? Enter your answer out to two decimals.

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