Question: Please explain with a detailed answer: The most recent annual dividend payment of ABC Industries, a rapidly growing window manufacturer, was $3.00 per share. The

Please explain with a detailed answer: The most recent annual dividend payment of ABC Industries, a rapidly growing window manufacturer, was $3.00 per share. The firms financial manager expects that these dividends will increase at a 5% per year for the foreseeable future. The firms required return is 15%. What should be the price of the stock?

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