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11)If the dividend yield for year 1 is expected to be 10% based on a stock price of $35, what will the year 5 dividend
11)If the dividend yield for year 1 is expected to be 10% based on a stock price of $35, what will the year 5 dividend be if dividends grow annually at a constant rate of 4%?
a. $1.33
b. $1.49
c. $4.09
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