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ABC, Inc.'s stock is currently selling for $109.15. The dividends are expected to grow at 1.58% each year forever. If the required rate of return

ABC, Inc.'s stock is currently selling for $109.15. The dividends are expected to grow at 1.58% each year forever. If the required rate of return on the stock is 19.06%, what is next period's dividend? That is, solve for D₁.

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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