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A stock has a required rate of return of 10.25% and it sells for $71.50 per share. The divided is expected to grow at a

A stock has a required rate of return of 10.25% and it sells for $71.50 per share. The divided is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1?
Your answer should be between 1.32 and 4.56.

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