Question: ABC. Inc is expected to pay a dividend of $34.41 per share. The dividends are expected to increase by 3% each year. The required rate

ABC. Inc is expected to pay a dividend of $34.41 per share. The dividends are expected to increase by 3% each year. The required rate of return on the stock is 13%. What is the stock's expected price 10 years from today (i.e., what is P10)?

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