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ABC, Inc. just paid dividend of $ 2 . 4 4 . The dividends are expected to grow at 7 . 9 1 % each

ABC, Inc. just paid dividend of $

2.44 .

The dividends are expected to grow at

7.91 %

each year forever. The required rate of return on the stock is

9.34 % .

What is today's price of the stock?

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