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7. ABC is mature company which has been paying the same dividend of 3.80 for years. It is reasonable to assume that ABC will

7. ABC is mature company which has been paying the same dividend of 3.80 for years. It is reasonable to assume that ABC will continue to pay the same dividend with no growth indefinitely. Investors require a 8.5% return on ABC's stock. What is the present value of ABC?

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