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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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