Hildago Inc. is selling its preferred share for a price of $120. Investors are thinking...
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Hildago Inc. is selling its preferred share for a price of $120. Investors are thinking Hildago Inc's annual dividend will grow by 1.10% per year forever (beginning from the next year). Los Tacos has a similar issue of preferred stock currently selling for a price of $60 per share. Los Tacos will pay a dividend of $4.7 per share next year and investors expect its dividend to grow by 3% per year forever.
What is the next dividend to be paid by Hildago Inc?
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