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Sheldon, Inc., will pay fixed dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant rate

Sheldon, Inc., will pay fixed dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant rate of 5 percent per year forever. The current share price is $50. What is next years dividend payment if the required rate of return is 12 percent?

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