1. Business
2. Accounting
3. Financial Accounting & Bookkeeping
4. Accounting for Corporations
5. 306284

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9. McLaughlin Inc.'s stock has a required rate of return of 10.50%, and it sells for $67.50 per share. McLaughlin's dividend is expected to grow at a constant rate of 7.00% per year. What is the expected year-end dividend, D1?
$2.13
$2.36
$2.60
$2.86
$3.14.