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8. Ernst Electrical increases its annual dividend by 2.2 percent annually. The stock commands a market rate of return of 15 percent and sells for
8. Ernst Electrical increases its annual dividend by 2.2 percent annually. The stock commands a market rate of return of 15 percent and sells for $26.60 a share. What is the expected amount of the next dividend? (A) $3.47 (B) $3.18 (C) $3.21 (D) $3.40
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