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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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