PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during
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PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years, 20 percent over the following year, and then 6 percent per year thereafter indefinitely. The required return on this stock is 15 percent, and the stock currently sells for \($42.50\) per share. What is the projected dividend for the coming year?
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