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1. ABC. Inc is expected to pay a dividend of $49.21 per share. The dividends are expected to increase by 7% each year. The required
1. ABC. Inc is expected to pay a dividend of $49.21 per share. The dividends are expected to increase by 7% each year. The required rate of return on the stock is 23%. What is the stock's expected price 10 years from today (i.e., what is P10)?
2.The difference between commercial bank and investment bank is the latter specializes in selling new securities. (true or false)
3.General public can purchase the newly listed stock at the IPO price. (true or false)
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