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ABCs common stock paid $4.00 dividend per share last year. The companys earnings and dividend have been growing at an annual rate of 6%. This
ABCs common stock paid $4.00 dividend per share last year. The companys earnings and dividend have been growing at an annual rate of 6%. This growth rate is expected to continue in the future. If investors require 12% annual return from a stock with the risk characteristics of ABCs stock, what is the fair market value for this stock?
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