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Smith Inc. common stock currently sells for $80 and has a beta of 1.5 . The return on the market portfolio is 8% and t-bills

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Smith Inc. common stock currently sells for $80 and has a beta of 1.5 . The return on the market portfolio is 8% and t-bills provide a 2% return. Smith Inc. pays an annual dividend which grows at a constant 5% rate. Find the next dividend expected to be paid. Round intermediate steps to four decimals. $4.32 $4.57 $4.80 $4.35 Cannot be determined

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