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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 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
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