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Question 2 (1 point) You are going to purchase 1 share of common stock of ABC Inc. The company just paid a dividend of $4.90.
Question 2 (1 point) You are going to purchase 1 share of common stock of ABC Inc. The company just paid a dividend of $4.90. Dividends are paid annually. You expect the dividend to grow by 5.5% per year. You have a required rate of return of 14.3% compounded annually. How much should you pay for the stock. Your answer should be accurate to two decimal places
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