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1. IU Industries just paid a dividend of $1.25 a share (i.e., D0 = $1.25). The dividend is expected to grow 7% a year for
1. IU Industries just paid a dividend of $1.25 a share (i.e., D0 = $1.25). The dividend is expected to grow 7% a year for the next 5 years and then 12% a year thereafter. What is the expected dividend per share for each of the next 9 years?
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