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ABC Co.'s dividend is assumed to grow at the same rate of 4% indefinitely. The dividend is currently $2.00/ share. The risk-free rate is currently

ABC Co.'s dividend is assumed to grow at the same rate of 4% indefinitely. The dividend is currently $2.00/ share. The risk-free rate is currently 2%, the 10-year Treasury is 6% and the investor's required return is 9%. What is the value of ABC Co. stock?

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