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Braxton's Cleaning Company stock is selling for $ 2 7 . 7 5 per share based on a required return of 8 . 9 percent.

Braxton's Cleaning Company stock is selling for $27.75 per share based on a required return of 8.9 percent. What is the next annual dividend if the growth rate in dividends is expected to be 3.1 percent indefinitely?

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