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3. ABC Corporation's common stock is expected to pay a $3 dividend, which will grow at a compound rate of 5 percent indefinitely.(10 credits) a.

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3. ABC Corporation's common stock is expected to pay a $3 dividend, which will grow at a compound rate of 5 percent indefinitely.(10 credits) a. If the market requires a 20 percent return, what should be the current market price of the stock? b. If the current market price of the stock is $60, what rate of return is the market requiring

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