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ABC Corp., a steel manufacturer, will start paying $2.62 for dividends per year beginning next year. Assuming the dividend will last forever and that the
ABC Corp., a steel manufacturer, will start paying $2.62 for dividends per year beginning next year. Assuming the dividend will last forever and that the required rate of return for the steel industry is 9.4%, what is the present value of ABC Corp.'s stock price under the Dividend Discount Model? Assume that this year's dividend has been paid already. $26.20 $27.87 $30.49 $24.63 Question 10 1.56 pts Same facts as above: How would your answer to Question 9 change if this year's dividend has not been paid yet? $26.20 O $27.87 $30.49 $24.63
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