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ABC common stock is expected to pay a dividend of $4 a share at the end of the year; its beta is 0.8; the risk-free
ABC common stock is expected to pay a dividend of $4 a share at the end of the year; its beta is 0.8; the risk-free rate is 5.2%; and the market rate of return is 11.2%. The dividend is expected to grow at some constant rate g, and the stock currently sells for $50 a share. Assuming the market is in equilibrium, the stocks price at the end of year 4 will be $_______. (Answer format: 123.45)
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