Suppose a corporation has just paid a dividend of $1.77 per share. The dividend is expected to grow at a rate of 3.7% per year forever, and the discount rate is 5.4%.

What should be the amount paid as a dividend per share next year?

Enter your answer in terms of dollars, rounded to 2 decimal places and without the dollar sign. So if your answer is 3.1416, just enter 3.14.

Answer rating: 100% (QA)

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