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ABC. Inc is expected to pay a dividend of $45.04 per share. The dividends are expected to increase by 4% each year. The required rate

ABC. Inc is expected to pay a dividend of $45.04 per share. The dividends are expected to increase by 4% each year. The required rate of return on the stock is 20%. What is the stock's expected price 17 years from today (i.e., what is P₁₇)?

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