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ABC, Inc. is expected to pay a dividend of $7.71 next year. The dividends are expected to grow at 6.88% each year forever. The required

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ABC, Inc. is expected to pay a dividend of $7.71 next year. The dividends are expected to grow at 6.88% each year forever. The required rate of return on the stock is 14.43%. What is today's price of the stock? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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