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A broker offers to sell you shares of Bay Area Healthcare which just paid a dividend of $2 per share. The dividend is expected to grow at a constant...

A broker offers to sell you shares of Bay Area Healthcare which just paid a dividend of $2 per share. The dividend is expected to grow at a constant rate of 5% per year. The stock's required rate of return is 12%.

a. What is the expected dollar dividend over the next three years?

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