What is the expected amount of the next dividend

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Douglass Gardens pays an annual dividend that is expected to increase by 4.1 percent per year. The stock commands a market rate of return of 12.6 percent and sells for $24.90 a share. What is the expected amount of the next dividend?

$2.03
$2.20
$3.17
$2.12
$2.28

 

Reference no: EM13295650

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