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Question 1 Not yet answered Marked out of 1.00 p Flag question Douglass Gardens pays an annual dividend that is expected to increase by 4.2

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Question 1 Not yet answered Marked out of 1.00 p Flag question Douglass Gardens pays an annual dividend that is expected to increase by 4.2 percent per year. The stock commands a market rate of return of 14.6 percent and sells for $22.90 a share. What is the expected amount of the next dividend? (please submit your answer in the following format: XXXX.XX)

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