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Goode Inc. ' s stock has a required rate of return of 1 6 % , and it sells for $ 6 7 per share.

Goode Inc.'s stock has a required rate of return of 16%, and it sells for $67 per share. Goode's dividend is expected to grow at a constant rate of 3.6%. What is the next expected dividend, D1?
$7.81
$8.31
$8.81
$9.31
$7.31
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