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The ABC Company, Inc. expects to pay a dividend of $1.50 at the end of the year. The dividend last period was $1.43, and the growth rate from this past year is expected to continue into the future. Given that the market rate of return is 10.2%, what is the approximate price that shares of ABC should be priced at by the market (based on the dividend discount model)?

$29.54

$28.28

$26.96

$27.11

Financial Management, Finance

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