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Afton Products currently pays a dividend of $4 per share on its common stock. If Afton Products plans to increase its dividend at a rate
Afton Products currently pays a dividend of $4 per share on its common stock. If Afton Products plans to increase its dividend at a rate of 5% per year indefinitely, what will be the dividend per share in 10 years? Also, If Afton Products dividend per share is expected to be $5.87 per share at the end of five years at the end of five years, at what annual rate is the dividend expected to grow?
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