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Currently, a company's stock sells for $160 per share. EPS is $20.75 and the company is expected to pay the same dividend amount per share

Currently, a company's stock sells for $160 per share. EPS is $20.75 and the company is expected to pay the same dividend amount per share annually forever. If investors require a 11% return on this stock, what is the expected dividend amount per share? Don't round intermediate calculations

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