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ABC Furniture is expected to pay a dividend of D1 = $1.20 per share at the end of the year, and that dividend is expected

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ABC Furniture is expected to pay a dividend of D1 = $1.20 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.5, the market risk premium is 6.00%, and the risk-free rate is 3.00% What is ABC's current stock price? Hint ri= rf+bi*(rm) $15.00 $18.75 $20.00 $25.00 None of the above

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