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ABC Company's most recent dividend was $50 and its dividends are expected to have a constant growth rate of 5 percent per year. What is

ABC Company's most recent dividend was $50 and its dividends are expected to have a constant growth rate of 5 percent per year. What is the maximum price an investor with a 15% required rate of return would be willing to pay for a share of ABC Companys common stock?

a. $525

b. $551,25

c. $500

d. $578,81

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