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Hirshfeld Corporation's Stock Has a Required Rate of Return of 10.25

Question 33

Multiple Choice

Hirshfeld Corporation'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) $2.20
B) $2.44
C) $2.69
D) $2.96
E) $3.25

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