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XYZ Corp. just paid a dividend of $4.50 and expects to maintain its steady 1.60% annual growth in dividends for the foreseeable future. Assuming the

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XYZ Corp. just paid a dividend of $4.50 and expects to maintain its steady 1.60% annual growth in dividends for the foreseeable future. Assuming the firm can maintain this growth rate calculate its dividend, rounded to the nearest penny, exactly 10 years from today. $5.19$5.29$5.27$5.17

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