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    5. 306284

    McLaughlin Inc's Expected Year-End Dividend

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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.

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    Solution Summary

    The solution provides a step-by-step answer determining what McLaughlin Inc's expected year-end dividend is.

    $2.19