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ABC is expected to pay a dividend of $ 1 . 0 0 in the upcoming year. Dividends are expected to grow at the rate

ABC is expected to pay a dividend of $1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5% and the expected return on the market portfolio is 13%. The stock of ABC has a beta of 1.2. What is the intrinsic value of ABCs stock?

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