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Claras Inc.'s stock has a required rate of return of 10.25%, and it sells for $60.00 per share. The dividend is expected to grow at
Claras Inc.'s stock has a required rate of return of 10.25%, and it sells for $60.00 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?
| 1. | $2.83 | |
| 2. | $2.60 | |
| 3. | $1.96 | |
| 4. | $1.91 | |
| 5. | $2.55 |
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