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ABC's company stock has a required rate of return of 9.8%, and it sells for $68.40 per share. The dividend is expected to grow at

ABC's company stock has a required rate of return of 9.8%, and it sells for $68.40 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1? PLEASE SHOW ALL STEPS/FORMULAS TO SOLUTION, THANK-YOU!

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ABC's company stock has a required rate of return of 9.8%, and it sells for $68.40 per share. The dividend is expected to grow at

ABC's company stock has a required rate of return of 9.8%, and it sells for $68.40 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1? **PLEASE SHOW ALL STEPS/FORMULAS TO SOLUTION, THANK-YOU!**

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ABC's company stock has a required rate of return of 9.8%, and it sells for $68.40 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1? PLEASE SHOW ALL STEPS/FORMULAS TO SOLUTION, THANK-YOU!