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Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate

Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 7.5 percent thereafter. The required return is 13 percent and the company just paid a dividend of $2.55.

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 $ _______________

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.)

Current share price $_________________

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