What is the expected year-end dividend

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ABC's stock has a required rate of return of 16.1%, and it sells for $58 per share. The dividend is expected to grow at a constant rate of 5.3% per year.  What is the expected year-end dividend, 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: EM131387560

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