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Hirshfeld Corporation's stock has a required rate of return of 1 0 . 2 5 % , and it sells for $ 6 0 .

Hirshfeld Corporation's stock has a required rate of return of 10.25%, and it sells for $60.00 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. $2.55
b. $2.31
c. $2.07
d. $1.83
e. $2.79
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