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What is the amount of the dividend handy craft just paid

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Reference no: EM132816183

Problem 1: Handy Craft has just paid the dividends and the stock currently sells for $53 a share at a required return of 14 percent. The price of the stock one year later is expected to be $56.18. The dividends are expected to grow at a constant rate per year, forever. What is the amount of the dividend Handy Craft just paid?

Reference no: EM132816183

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