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You are interested in a stock that just paid an annual dividend of $4.90. The corporate management announced that future dividends will increase by 2.00%

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You are interested in a stock that just paid an annual dividend of $4.90. The corporate management announced that future dividends will increase by 2.00% annually. What is the amount of expected divided in year 9 ? (Round your answer to the nearest hundredth; two decimal places)

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