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ABC. Inc is expected to pay a dividend of $44.97 per share. The dividends are expected to increase by 3% each year. The required rate

ABC. Inc is expected to pay a dividend of $44.97 per share. The dividends are expected to increase by 3% each year. The required rate of return on the stock is 16%. What is the stock's expected price 11 years from today (i.e., what is P11)?

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