Question: ABC Company expects to pay dividends with an amount equal to $3.00 per share on its common stock at the end of this year. Moreover,

 "ABC" Company expects to pay dividends with an amount equal to

"ABC" Company expects to pay dividends with an amount equal to $3.00 per share on its common stock at the end of this year. Moreover, The "ABC" Company value of the dividend is expected to grow 25% per year until year 3, after which time the dividend is expected to grow at a constant rate of 5% per year. The stock's beta is 1.2, the risk-free rate of interest is 6%, and the rate of return on the market is 11%. Based on the above-given information, What is the company's current stock price

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