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A share of common stock has a current price of $81.00 and expected to grow at a constant rate of 10 percent. If you require

A share of common stock has a current price of $81.00 and expected to grow at a constant rate of 10 percent. If you require a 12 percent rate of return, what is the current dividend on this stock?

$ 1.56

1.57

1.46

1.47

1.48

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