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MC algo 8-29 Valuing Stock Braxton's Cleaning Company stock is selling for $33.25 per share based on a required return of 11.7 percent. What is

MC algo 8-29 Valuing Stock

Braxton's Cleaning Company stock is selling for $33.25 per share based on a required return of 11.7 percent. What is the the next annual dividend if the growth rate in dividends is expected to be 4.5 percent indefinitely?

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