ABC Company has just paid a dividend of $2.43 per share, and its dividend is expected to grow at a constant rate of 5.3% per year in the future. The company's beta is 1.19, the market risk premium is...

ABC Company has just paid a dividend of $2.43 per share, and its dividend is expected to grow at a constant rate of 5.3% per year in the future.  The company's beta is 1.19, the market risk premium is 6.50%, and the risk-free rate is 4.00%.  What is the company's current stock price, P₀? (Hint: Compute ks first using the CAMP and then Po.)

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