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The current market price for shares in Janda Racing is $35.18. Management expects dividends to grow at a rate of 3% for the foreseeable future.

The current market price for shares in Janda Racing is $35.18. Management expects dividends to grow at a rate of 3% for the foreseeable future. The required return for Janda is 14% What will the next dividend per share be? Round to two decimals

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