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Abel, Inc. just paid a dividend of $3 per share and you think they will continue to pay $3 per year indefinitely. If the appropriate

Abel, Inc. just paid a dividend of $3 per share and you think they will continue to pay $3 per year indefinitely. If the appropriate discount rate is 10%, how much should the price of a share be?

What do you expect the price of Abel, Inc. to be in one year?

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