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A share of common stock that paid a $3 dividend last year is expected to have a 6% annual growth rate. The required rate of

A share of common stock that paid a $3 dividend last year is expected to have a 6% annual growth rate. The required rate of return is 14%. Next years dividend is expected to be:
- a. $3.18
- b. $4.63
- c. $8.54
- d. $9.54

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