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ABC Inc. has a beta of 0.9 plans to pay a dividend of $1.00 per share next period. They expect the dividend to grow at

ABC Inc. has a beta of 0.9 plans to pay a dividend of $1.00 per share next period. They expect the dividend to grow at a constant rate of 3% in the future. If the return on the S&P 500 index is 10% and the risk-free rate is 1.25%, what is the company's intrinsic price per share

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