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Fow, Inc., just paid a dividend of $2.85 per share on its stock. The dividends are expected to grow at a constant rate of 4.5
Fow, Inc., just paid a dividend of $2.85 per share on its stock. The dividends are expected to grow at a constant rate of 4.5 percent per year, indefinitely. investors require a return of 10 percent on this stock.
If you bought the stock today, the dividend you expect to receive in year 1 will be ________ per share (round your answer to 2 decimal places, e.g., 32.16.)
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