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ABC Inc. will pay a dividend of $3.13 per share on its common stock at the end of this year. If the expected long-term growth

ABC Inc. will pay a dividend of $3.13 per share on its common stock at the end of this year. If the expected long-term growth rate for this company is 2.94% and investors require a 9.47% rate of return, what is the price of ABC Inc. stock

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