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Q. ABC Inc. will pay a $4 dividend per share per year, forever. If the investors required rate of return is 16%, what is the
Q. ABC Inc. will pay a $4 dividend per share per year, forever. If the investors required rate of return is 16%, what is the stocks current price? Round to the nearest $0.01.
Note: For problems solved in the financial calculator, please list your inputs. Otherwise, show all your work (each step) using the formula.
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