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ABC Corporation currently pays a dividend of $ 1 per share. If that dividend grows at a rate of 4 % per year and given

ABC Corporation currently pays a dividend of $ $1$ per share. If that dividend grows at a rate of $4 %$ per year and given an expected equity cost of capital of $5 %,$ what is the current stock price of ABC Corporation?

A $.$ $ $10$

B $.$ $ $1000$

C $.$ $ $100$

D $.$ $ $11.1$

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Question

ABC Corporation currently pays a dividend of $ 1 per share. If that dividend grows at a rate of 4 % per year and given

ABC Corporation currently pays a dividend of $1 per share. If that dividend grows at a rate of 4% per year and given an expected equity cost of capital of 5%, what is the current stock price of ABC Corporation? A. $10 B. $1000 C. $100 D. $11.1

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ABC Corporation currently pays a dividend of $ $1$ per share. If that dividend grows at a rate of $4 %$ per year and given an expected equity cost of capital of $5 %,$ what is the current stock price of ABC Corporation?

A $.$ $ $10$

B $.$ $ $1000$

C $.$ $ $100$

D $.$ $ $11.1$