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In the constant growth DDM, if the stock price is $40, growth is 4%, and r is 7%, then what is next years expected dividend,

In the constant growth DDM, if the stock price is $40, growth is 4%, and r is 7%, then what is next years expected dividend, E(D1)?

Question 15 options:

$1.04

$1.26

$1.32

$1.20

$1.15

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