Question: A common stock is expected to pay dividends growing at constant annual rate of 5%. It just paid a dividend of $1 per share.

A common stock is expected to pay dividends growing at constant annual

A common stock is expected to pay dividends growing at constant annual rate of 5%. It just paid a dividend of $1 per share. What would be the value of its next dividend? $1 O $1.1 $0.95 $1.05

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