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Dont use Excel, type it out, show all work Suppose ABC Inc.'s expected dividend for next year is $5.9 and it is expected to grow

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Dont use Excel, type it out, show all work

Suppose ABC Inc.'s expected dividend for next year is $5.9 and it is expected to grow at a constant rate of 1.6% perpetually. Compute the current value of the stock if the required rate of return = 13.8%. Round your answer to two decimal places

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