Francis Inc.'s stock has a required rate of return of 10.25%,and it sells for $80.00 per share.The dividend is expected to grow at a constant rate of 6.00% per year.What is the expected year-end dividend,D1?
A) $3.40
B) $4.25
C) $3.57
D) $3.23
E) $2.89
Correct Answer:
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