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QUESTION
Comet Pasta Company stock currently sells for $137.5 per share.
Comet Pasta Company stock currently sells for $137.5 per share. The company JUST PAID a dividend and that dividend is not expected to grow at all for the next two years, and then it will grow at a constant rate of 10 percent thereafter. What was the amount of the dividend that was just paid if the required rate of return on the stock is 20
