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Loser Inc. will pay a dividend of $1.17 per share on its common stock at the end of this year. If the expected long-term growth

Loser Inc. will pay a dividend of $1.17 per share on its common stock at the end of this year. If the expected long-term growth rate for this company is -1.76% and investors require a 7.04% rate of return, what is the price of ABC Inc. stock?

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