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Can somone please help me out with how to get the answer on excel please? Check my work 5 Synovec Corp. is experiencing rapid growth.
Can somone please help me out with how to get the answer on excel please?
Check my work 5 Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent over the following year, and then 9 percent per year indefinitely. The required return on this stock is 11 percent, and the stock currently sells for $90 per share. What is the projected dividend for the coming year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 2 points Projected dividend $ eBookStep by Step Solution
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