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You own shares of ABC Corporation, which just paid a dividend of $1.34 per share. You have projected a long-term constant growth rate for the dividends of 7.1%. If your required rate of return on the stock is 10.3%, what is the highest price that you would be willing to pay for additional shares of this stock? (Show your answer to the nearest penny)

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Financial Management, Finance

Category:- Financial Management
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