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ABC Corp. has just paid a quarterly dividend of $ 0 . 3 1 . ABC's dividends will grow by 5 % for the next

ABC Corp. has just paid a quarterly dividend of $0.31. ABC's dividends will grow by 5% for the next 4 quarters, and then grow by 0.4% thereafter. ABC has a quarterly required return of 4%. What is the value of the stock?

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