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A stock currently sells for $ 7 7 . The dividend yield is 3 . 7 percent and the dividend growth rate is 5 percent.

A stock currently sells for $77. The dividend yield is 3.7 percent and the dividend growth rate is 5 percent. What is the amount of the dividend to be paid in one year?
Multiple Choice
$2.58
$2.66
$2.37
$2.85
$2.71

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