Question: need help on this problem Question 3 (1 point) ABC Inc.'s common stock just paid a dividend of $6.05 per share. The dividends are paid

need help on this problem need help on this problem Question 3 (1 point) ABC Inc.'s common

Question 3 (1 point) ABC Inc.'s common stock just paid a dividend of $6.05 per share. The dividends are paid annually. The dividend is expected to increase by 5.67% per year. The required rate of return is 9.91% compounded annually. What is the price of the common stock? Your answer should be accurate to two decimal places. Your

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