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ABC, Inc, is texpected to pay a dividend of $2.15 per share next year, and this dividend is expected to grow at a 5% rate

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ABC, Inc, is texpected to pay a dividend of $2.15 per share next year, and this dividend is expected to grow at a 5% rate annually forever thereafter. Given the level of the stock, investors roquire a 12% return. What should be the market price of ABC Inc, common stock? 53296

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