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5.) The common stock of Flos Flowers pays an annual dividend that is expected to increase by 3.6% per year. The stock commands a market

5.) The common stock of Flos Flowers pays an annual dividend that is expected to increase by 3.6% per year. The stock commands a market rate of return of 11.6% and sells for $37.80 a share. What is the expected amount of the next dividend?

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