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ABC Corporation has paid a dividend of $10 per share in the last year. Now the time for announcement of next dividend has come. The

ABC Corporation has paid a dividend of $10 per share in the last year. Now the time for announcement of next dividend has come. The market expectations are that the new dividend shall be reflecting the growth of the industry and would be $12. If the expected return by investors is 25%, what price of the share do you expect?

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