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(Estimated time: 5 minutes) Triple-2 is a publicly traded firm. It plans to pay a dividend of $19 next year. The company follows a dividend

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(Estimated time: 5 minutes) Triple-2 is a publicly traded firm. It plans to pay a dividend of $19 next year. The company follows a dividend policy that raises dividends annually at a rate of 2% (and expects this rate to go forever). The required rate of return is 14%. You plan to compute the price at the end of year 2 using the constant growth dividend model (Gordon model). What is the amount of dividend to use if you want to compute the stock price at the end of year 2? Show your answer to the nearest 2 decimals. Do not use the $ sign in your answer. For example, if the answer is $3.237 enter your answer as 3.24 Do not enter it as $3.237, $3.2, 3.2, or 3.237 our

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