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The current stock price of Sandhill, Inc., is $41.70. If the required rate of return is 20 percent, what is the dividend paid by this

The current stock price of Sandhill, Inc., is $41.70. If the required rate of return is 20 percent, what is the dividend paid by this firm if the dividend is not expected to grow in the future? (Round answer to 2 decimal places, e.g. 15.25.)

dividend paid:

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