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A stock recently paid a dividend of $14/share. They will increase their dividend payout by 25%/year in each of the next 3 years. Afterwards, the
A stock recently paid a dividend of $14/share. They will increase their dividend payout by 25%/year in each of the next 3 years. Afterwards, the dividend growth rate will increase at 4% per year, indefinitely. Calculate the dividend payment in year 19.
(post whole number with decimals)
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