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46. Randy's Donuts stock is currently selling for $81 per share and has just paid a dividend. Dividends are expected to grow at 8% for the next two years and 3% thereafter (indefinitely). The required return on Randy's Donutss equity is 10%. How much was the dividend that Randy's Donuts just paid? A. Approx $1 B. Approx $2 C. Approx $3 D. Approx $5 E. Approx $16
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