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Most corporations pay quarterly dividends on their common stock rather than annual dividends. The dividends are paid in equal quarterly installments, and dividend amounts grow

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Most corporations pay quarterly dividends on their common stock rather than annual dividends. The dividends are paid in equal quarterly installments, and dividend amounts grow over years. Suppose company ABC Inc. has just paid a quarterly dividend of $2 per share, as it has for the previous three quarters. The management plans on raising this dividend by 3.6 percent per year indefinitely. If the required return on this stock is 10 percent, what is the current share price? O 88.29 O 91.65 O 91.53 O 93.58 O 85.71

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