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In the case of Sheldon, Inc., they will pay constant dividends at the end of the next two years. After that, the dividend is expected

In the case of Sheldon, Inc., they will pay constant dividends at the end of the next two years. After that, the dividend is expected to increase by a steady 5 percent annually indefinitely. With the current share price standing at $50, what will be the dividend payment in the next year if the required rate of return is 12 percent

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