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Sorenson, Incorporated, is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a
Sorenson, Incorporated, is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant annual rate of percent, forever. The current stock price is $ What is next year's dividend payment if the required rate of return is percent? Do not round intermediate calculations and round your answer to decimal places, eg
Dividend payment
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