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Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 32 percent for the next three years, with the growth rate
Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 32 percent for the next three years, with the growth rate falling off to a constant 6.7 percent thereafter. The required return is 14 percent and the company just paid a dividend of $3.10. What are the dividends each year for the next four years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year 1 Year 2 Year 3 Year 4 A A What is the share price in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Share price in 3 years What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 01 $ Current share price $
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