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Letgo Corp. is experiencing steady growth and are expecting that dividends will grow at a constant rate of 2.5 percent for indefinite future. The required rate of return is given as 11 percent. If the stock of Letgo Corp. is currently selling for $54.10, Calculate the dividend expected next year (D1)
Group of answer choices
$3.57
$4.49
$4.36
$4.60
$4.15
