ABC's last dividend was $4.00. Over the next three years, dividends are projected to grow...
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ABC's last dividend was $4.00. Over the next three years, dividends are projected to grow at a rate of 7% per year, after which they will grow at a constant rate of 4%, forever. If the T-bill rate is 3.5%, the market risk premium is 8%, and ABC's equity beta is .885, what should the stock sell for
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