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ABC, Inc. is expected to pay a dividend of $3.15 per share next year, and this dividend is expected to grow at a 7% rate

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ABC, Inc. is expected to pay a dividend of $3.15 per share next year, and this dividend is expected to grow at a 7% rate annually forever thereafter. Given the risk level of the stock, investors require a 10% return. What should be the market price of ABC Inc's common stock? $110 O $120 $100 O $115 $105

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