(Answered) Suppose that todays stock price is 3236 if the required

Finance

Suppose that today's stock price is $32.36. If the required rate on equity is 21.7% and the growth rate is 9.1%, compute the expected dividend (i.e. compute D1)

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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