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Valentinos Inc. common stock today sells for $50.56 per share and commands a market rate of return of 14.65%. This stock pays an annual dividend

Valentinos Inc. common stock today sells for $50.56 per share and commands a market rate of return of 14.65%. This stock pays an annual dividend which increases by 1.4% annually. What is the expected amount of the dividend to be paid in one year?

$6.70
$6.79
$6.89
$6.99
Cannot be calculated.

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