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Question 10 (1.6 points) The next dividend for ABC Company will be $2.50 per share. The dividends are anticipated to maintain a 7% growth rate,

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Question 10 (1.6 points) The next dividend for ABC Company will be $2.50 per share. The dividends are anticipated to maintain a 7% growth rate, forever. If ABC stock currently sells for $40.00 per share, what rate will the stock price grow? 1) None of these 2) 7.0% 3) 10.5% 4) 14.5% 5) 7.5%

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