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CalPer Corporation's stock has a current market price per share of $57.50. Given the level of risk the required rate of return of 10.25%. The

CalPer Corporation's stock has a current market price per share of $57.50. Given the level of risk the required rate of return of 10.25%. The dividend is expected to grow at a constant rate of 4.35% per year. What is the expected year-end dividend, D1?

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