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ABC Company just paid a dividend of $4 per share, and that dividend is expected to grow at a constant rate of 4% per year
ABC Company just paid a dividend of $4 per share, and that dividend is expected to grow at a constant rate of 4% per year in the future. The required return on equity market is 9.5%, the risk-free rate is currently 3.5% and the company is beta is 1.75. What is your estimate of the current stock price?
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