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Suppose RenTech, a renewable energy firm, is expected to pay a dividend at the end of the next calendar quarter on it common stock and
Suppose RenTech, a renewable energy firm, is expected to pay a dividend at the end of the next calendar quarter on it common stock and that this dividend is also expected to rise by 4.04% each year. If the common stock has a market price of $14.11 per share and is expected to offer a dividend yield of 6.03%, what is the amount of the dividend RenTech is expected to pay?
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