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Braxton's Cleaning Company stock is selling for $34.00 per share based on a required return of 9.6 percent. What is the the next annual dividend
Braxton's Cleaning Company stock is selling for $34.00 per share based on a required return of 9.6 percent. What is the the next annual dividend if the growth rate in dividends is expected to be 4.2 percent indefinitely?
Multiple Choice
$1.91
$1.76
$1.68
$1.84
$2.01
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