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Based on its projected required annual rate return of 9 . 0 0 % , ABC Inc. ( financed only by equity ) expects to

Based on its projected required annual rate return of 9.00%, ABC Inc. (financed only by equity) expects to pay a $2.00 per share annual dividend in the upcoming year. If their stock is currently priced at $22.80, what would you expect the price to be one year from today?
a. $19.81
b. $24.85
c. $26.09
d. $22.85
e. $20.80

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