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Hirshfeld Corporation's stock has a required rate of return of 10.25%, and it sells for $32.50 per share. The dividend is expected to grow at

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Hirshfeld Corporation's stock has a required rate of return of 10.25%, and it sells for $32.50 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D1 ? Select the correct answer. a. $1.22 b. $1.06 c. $0.90 d. $1.38 e. $0.74

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