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Horizon Group's stock has a required rate of return of 13.8%, and it sells for...

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Accounting

Horizon Group's stock has a required rate of return of 13.8%, and it sells for $87.50 per share, with a dividend that is expected to grow at a constant rate of 6% per year. What was the company's last dividend, D0?
Your answer should be between 2.10 and 8.22

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