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21. Beta Company's stock just paid its annual dividend. This dividend will grow at a...

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21. Beta Company's stock just paid its annual dividend. This dividend will grow at a constant rate of 3% per year forever. The market price of Beta's stock is $25.00 and the required rate of return on the stock is 12% Calculate the amount of the dividend Beta's stock is expected to pay in one year. a. $ 0.75 b. $ 2.18 c. $ 2.25 d. $2.91 e. $ 3.00

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