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A firm's stock has a required return of 7.00%. The stock's dividend yield (using the dividend to be paid in one year from today) is

A firm's stock has a required return of 7.00%. The stock's dividend yield (using the dividend to be paid in one year from today) is 4.00%. What is the amount of the dividend just received if the current stock price is $30 and the dividends grow annually at a constant rate?

Question 27 options:

$1.05

$1.08

$1.11

$1.14

$1.17

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