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Business, 02.04.2020 02:33 2021andrewkell

Q 8.4: ABC Online Merchant has a current stock price of $42.50. The company paid $1.34 in dividends this year, and the dividends are expected to grow at 3% per year. If an investor has a required rate of return of 5%, what is ABC worth to that investor? A : $70.35. B : $34.33. C : $69.01. D : $46.01.

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