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24. Company ABC has a stock price in the market consistent with the following information:...

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Accounting

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24. Company ABC has a stock price in the market consistent with the following information: 8 (1) The risk-free rate is 4 percent and the required return on the market is 12 percent. (2) The expected dividend growth rate for the firm is 5 percent and the last dividend paid was $0.80 per share (3) Beta of Company ABC is 1.2. What is the stock price of Company ABC per share? (a) $7.96 (b) $8.31 (c) $8.82 (d) $9.23 (e) $9.77

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