What is the expected year-end dividend

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Reference no: EM13932607

Francis Inc.'s stock has a required rate of return of 10.25%, and it sells for $57.50 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. $2.44

b. $2.96

c. $3.25

d. $2.20

e. $2.69

Reference no: EM13932607

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