Question: 10. If the dividend yield for year 1 is expected to be 5% based on a stock price of $25, what will the year 4

10. If the dividend yield for year 1 is expected to be 5% based on a stock price of $25, what will the year 4 dividend be in dividends grow annually at a constant rate of 6%? (Hint: Easier than it may seem.)a.$1.33b. $1.49c.$1.58d. $1.67

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