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ABC. Inc is expected to pay a dividend of $10.25 per share. The dividends are expected to increase by 5% each year. The required rate

ABC. Inc is expected to pay a dividend of $10.25 per share. The dividends are expected to increase by 5% each year. The required rate of return on the stock is 11%. What is the stock's expected price 9 years from today (i.e., what is P9)

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