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A firm's stock has a required return of 10%. The stock's dividend yield is 3.5%. What is the dividend the firm is expected to pay

A firm's stock has a required return of 10%. The stock's dividend yield is 3.5%. What is the dividend the firm is expected to pay over a one year period if the current stock price is $80?

Select one:

a.$3.60

b.$2.00

c.$2.80

d.$3.20

e.$2.40

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