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ABC Enterprises' stockis currently selling for $54 per share.The dividend is projected to increase at a constant rate of 3.1% per year.The required rate of

ABC Enterprises' stockis currently selling for $54 per share.The dividend is projected to increase at a constant rate of 3.1% per year.The required rate of return on thestockis 12%.What is the stock's expected price5 years from today (i.e. solve for P5)? round to two decimals

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