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Instructions Point a 11 Shirley Temple's common stock commands a market rate of return of 15.45% and pays an annual dividend which increases by 1.6%

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Instructions Point a 11 Shirley Temple's common stock commands a market rate of return of 15.45% and pays an annual dividend which increases by 1.6% annually. Today this stock sells for $60.56 a share. What is the expected amount of the dividend to be paid in one year? A $8.39 B $8.75 $9.37 D $9.71 P Cannot be calculated

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