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ABC Company's common stock dividends have been growing at an annual rate of 6 percent over the past 10 years and are expected to continue

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ABC Company's common stock dividends have been growing at an annual rate of 6 percent over the past 10 years and are expected to continue growing at this rate for the foreseeable future. The firm just paid a dividend of $5.00 per share. Determine the current value of a share of this common stock to investors with each of the following required rates of return: 12 percent 14 percent c16 percent

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