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Sun Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The firm does not expect any change

  1. Sun Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The firm does not expect any change in its dividends in the future. The stock is currently selling at $32.00. If the required rate of return is 10 percent, what is the quarterly dividend paid by this company?

A)

$.80

B)

$1.20

C)

$3.20

D)

$1.05

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