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Calculate the payment for the companys stock. -ABC will pay $1.25 dividend per share next year. The company pledges to increase its dividends by 3%

Calculate the payment for the companys stock. -ABC will pay $1.25 dividend per share next year. The company pledges to increase its dividends by 3% per year indefinitely. If you required a return of 10% on your investment. How much will you pay for the companys stock today?

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