Abc inc just paid a dividend of $2.23 and the dividends

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ABC INC just paid a dividend of $2.23 and the dividends are expected to indefinitely grow at a constant 2.6% rate. If investors require a return of 8.6% from this stock, what is the value of the ABC stock? Write in the value with two decimal points but no dollar sign or comma.

 

Reference no: EM13983694

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