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A company just paid an annual dividend of $0.60. Dividends are expected to grow by 25% in 1 year, 20% in the second year, and

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A company just paid an annual dividend of $0.60. Dividends are expected to grow by 25% in 1 year, 20% in the second year, and by 10% in the third year. After that, dividends are expected to continue to grow at an annual rate of 5% indefinitely. For the following questions, give all answers in dollars and cents (i.e. 0.27) rounded to 2 decimal places. What is the amount of the dividend next year? $ What is the amount of the dividend in 2 years? $ What is the amount of the dividend in 3 years? $

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