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1. Company ABC is expected to pay an end-of-year dividend of $4 a share. After paying the dividend, ABC's stock is expected to sell at

1. Company ABC is expected to pay an end-of-year dividend of $4 a share. After paying the dividend, ABC's stock is expected to sell at $105. If the market capitalization rate is 9%, what is the current stock price? (round to nearest whole dollar)

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