Question: Amos, Inc. is expected to pay an equal dividend at the end of the next two years. Thereafter, the dividend will grow at a constant

Amos, Inc. is expected to pay an equal dividend at the end of the next two years. Thereafter, the dividend will grow at a constant annual rate of 2.5%, forever. The current stock price is $60. The appropriate rate of return on the stock is 9%. Calculate the next year's dividend payment. (Round to 3 decimals)

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