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ABC Corp. will pay a dividend (at time 1) of $2.9. It is expected the company will increase its dividend by 5.00% per year forever.

ABC Corp. will pay a dividend (at time 1) of $2.9. It is expected the company will increase its dividend by 5.00% per year forever. If the ABC Corp.s equity cost of capital is 9.00%, what is the price of its stock at time 3? use equations only pls

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