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Hampton Roads Light Inc.'s stock has a required rate of return of 11.%, and it sells for $60.0 per share. The dividend is expected to

Hampton Roads Light Inc.'s stock has a required rate of return of 11.%, and it sells for $60.0 per share. The dividend is expected to grow at a constant

rate of 4.00% per year. What is the expected year-end dividend, D1?

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