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ABC Corp. expects to pay a dividend of $5 per share at the end of year 1 (D) and these dividends are expected to grow

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ABC Corp. expects to pay a dividend of $5 per share at the end of year 1 (D) and these dividends are expected to grow at a constant rate of 4% per year forever. If the required rate of return on the stock is 11%, what is the current value of the stock today? Do not type the $ symbol. Round your answer to the nearest two decimals if needed

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