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Suppose the company paid dividend of $40.83. That is, D 0 is $40.83. What is the amount of dividend in Year 12? That is, what

Suppose the company paid dividend of $40.83. That is, D0 is $40.83. What is the amount of dividend in Year 12? That is, what is D12? Assume that the dividends are expected to grow by 1% each year.

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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