Allen, Inc., is expected to pay an equal amount of dividends at the end of the first

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Allen, Inc., is expected to pay an equal amount of dividends at the end of the first two years. Thereafter, the dividend will grow at a constant rate of 4 percent indefinitely. The stock is currently traded at \($30.\) What is the expected dividend per share for the next year if the required rate of return is 12 percent?

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