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ABC, Inc. is expected to pay a dividend of $7.03 next year. The dividends are expected to grow at 8.66% each year forever. The required

ABC, Inc. is expected to pay a dividend of $7.03 next year. The dividends are expected to grow at 8.66% each year forever. The required rate of return on the stock is 19.85%. What is today's price of the stock?

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