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ABC, Inc.'s stock is currently selling for $105.27. The dividends are expected to grow at 7.66% each year forever. If the required rate of return
ABC, Inc.'s stock is currently selling for $105.27. The dividends are expected to grow at 7.66% each year forever. If the required rate of return on the stock is 11.48%, what is next period's dividend? That is, solve for D1. Enter your answer rounded off to two decimal points.
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