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1.Schultz Inc. is expected to pay equal dividends at the end of each of the next three years.Thereafter, the dividend will grow at a constant

1.Schultz Inc. is expected to pay equal dividends at the end of each of the next three years.Thereafter, the dividend will grow at a constant annual rate of 5%, forever.The current stock price is $25.What is next year's dividend payment if the required rate of return is 6 percent?

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