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You consider purchasing a share of stock for $50.23. It is expected to have a return of 5.7% and to make a dividend payment one
You consider purchasing a share of stock for $50.23. It is expected to have a return of 5.7% and to make a dividend payment one year from now. The subsequent dividends are expected to grow at an annual rate of 1.9% forever. What is the dividend payment that is expected one year from today? (round to the nearest cent)
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