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A stock currently sells for $55. The dividend yield is 3.1 percent and the dividend growth rate is 4.4 percent. What is the amount of

A stock currently sells for $55. The dividend yield is 3.1 percent and the dividend growth rate is 4.4 percent. What is the amount of the dividend to be paid in one year?

A. $1.55

B. $1.63

C. $1.71

D. $1.43

E. $1.59

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