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You buy a stock for $ 4 5 . The company pays an annual dividend that grows by 2 % each year, forever. The next

You buy a stock for $45. The company pays an annual dividend that grows by 2% each year, forever. The next is to be received in exactly 1 year. Investors require return of 12%.What must be the amount of the first dividend? You sell immediately after you receive the first dividend. Investors still require a 12% return. Your capital gain is Blank 1% and dividend yield is Blank 2%.

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