Pace Enterprises' common stock sells for

$29

, and its dividends are expected to grow at a rate of 9 percent annually. If investors in Pace require a return of

14%

, what is the expected dividend next year?\

$2.40

\

$1.33

\

$1.45

\

$1.60

Pace Enterprises' common stock sells for $29, and its dividends are expected to grow at a rate of 9 percent annually. If investors in Pace require a return of 14%, what is the expected dividend next year? $2.40 $1.33 $1.45 $1.60