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FRANCIS INC.’S STOCK HAS A REQUIRED RATE OF RETURN OF 10.25%, AND IT SELLS FOR $35.00 PER SHARE. THE DIVIDEND IS EXPECTED TO GROW AT A CONSTANT RATE… – BUSINESS & FINANCE

Francis Inc.’s stock has a required rate of return of 10.25%, and it sells for $35.00 per share. The dividend is expected to grow at a constant rate of 6.00% per year. What is the expected year-end dividend, D ?Answer$1.49$1.12$1.26$1.71$1.41Fernando Designs is...