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Stock in Acme, Inc, is selling for $ 4 5 . 8 0 per share. Investors have a required rate of return of 1 0

Stock in Acme, Inc, is selling for $45.80 per share. Investors have a required rate of return of 10.8% and expect dividends to grow at 4.2% indefinitely. What was the value of the dividend Acme, Inc. just paid?

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