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ABC common stock is expected to pay a dividend of $3 a share at the end of the year; the required rate of return is
ABC common stock is expected to pay a dividend of $3 a share at the end of the year; the required rate of return is 10%. The dividend is expected to grow at some constant rate g, and the stock currently sells for $100 a share. Assuming the market is in equilibrium, the stock's price at the end of year 5 will be $_______.
$60.83
$140.26
$54.12
$115.43
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