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Company ABC is currently trading at $ 3 5 and pays a dividend of $ 2 . 3 0 . Analysts project a dividend growth

Company ABC is currently trading at $35 and pays a dividend of $2.30. Analysts project a dividend growth rate of 4%. Your client Chip requires a rate of 9% to meet a stated goal. Chip wants to know whether or not to purchase stock in ABC company.
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