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A share of common stock has a current price of $ 8 2 . 5 0 and is expected to grow at a constant rate

A share of common stock has a current price of $82.50 and is expected to grow at a constant rate of 10 percent. If you require a 14 percent rate of return, what is the expected dividend at the end of next year (D1) on this stock? (Round the answer to one decimal places.)

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