Question: Question 2 (10 points) Saved ABC, Inc will pay a $4.85 per share dividend next year. The company pledges to increase its dividend by 4.75

Question 2 (10 points) Saved ABC, Inc will pay a $4.85 per share dividend next year. The company pledges to increase its dividend by 4.75 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the company's stock three years from today? 1) $69.39 O2) $72.43 3) $74.36 4) $76.89

ABC, Inc will pay a $4.85 per share dividend next year. The company pledges to increase its dividend by 4.75 percent per year, indefinitely. If you require a 12 percent return on your investment, how much will you pay for the company's stock three years from today? 1) $69.39 2) $72.43 3) $74.36 4) $76.89

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