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ABC Hotels Incorporated currently pays a $4.00 common stock dividend. Dividends have been growing at a 6% annual rate and are expected to continue growing
ABC Hotels Incorporated currently pays a $4.00 common stock dividend. Dividends have been growing at a 6% annual rate and are expected to continue growing a this rate into the foreseeable future. What is the current value of ABC Hotels common stock to an investor requiring a 12% rate of return?
Group of answer choices
$35.33
$54.67
$68.90
$23.41
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