ABC Corporation has just paid a $4 dividend. Dividend growth rate has been at 3% and expected to be so into the future. If investor's return is 12%, calculate the stock price last year.
A) $41.88
B) $42.44
C) $43.88
D) $44.44
E) $45.88

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The Answer of ABC Corporation has just paid a $4 dividend. Dividend growth rate has been at 3% and expected to be so into the future. If investor's return is 12%, calculate the stock price last year.
A) $41.88
B) $42.44
C) $43.88
D) $44.44
E) $45.88

ABC Corporation Has Just Paid a $4 Dividend