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ABC Inc will pay an annual dividend of $2.84 per share on its stock next year. The dividends are expected to grow at a constant
ABC Inc will pay an annual dividend of $2.84 per share on its stock next year. The dividends are expected to grow at a constant rate of 1.85 percent per year. If investors require a rate of return of 10.4 percent, what will be the stock price be in Year 9?
$41.39 | ||
$41.57 | ||
$42.64 | ||
$35.75 | ||
$39.17 |
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