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ABC Incs stock is expected to pay a year-end dividend, D1, of $4.00. The dividend is expected to grow at a constant rate of 9%
ABC Incs stock is expected to pay a year-end dividend, D1, of $4.00. The dividend is expected to grow at a constant rate of 9% per year, and the stocks required rate of return is 14%. Given this information, what is the expected price of the stock, eight years from now?
Group of answer choices
$271.49
$185.09
$159.41
$100.00
$200.00
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