Compute the expected dividend

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Suppose that today's stock price is $38.63. If the required rate on equity is 18.6% and the growth rate is 3.2%, compute the expected dividend (i.e. compute D1)

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131493614

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