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Dumb Mistakes, Inc., stock is selling for $13.07 a share based on a 13 percent rate of return. What is the amount of the annual

Dumb Mistakes, Inc., stock is selling for $13.07 a share based on a 13 percent rate of return. What is the amount of the annual dividend the firm just paid if the growth rate of the dividends is 3.5 percent?

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