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2. ABC, Inc. will pay a $3 dividend next year and will increase their dividends by 3% each y thereafter. If the required rate of

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2. ABC, Inc. will pay a $3 dividend next year and will increase their dividends by 3% each y thereafter. If the required rate of retum on ABC stock is 12%, what should the stock price be toda A. $25.00 B. $27.27 C. $33.33 D. S34.33 E none of the above

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