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Can you grow a dividend? imagine a firm whose dividends have growing at a rate of 14% per year, which is expected to be the

Can you grow a dividend?

imagine a firm whose dividends have growing at a rate of 14% per year, which is expected to be the stable growth rate forever. The dividend just paid (D0) was $3.28 and the required rate of return is 12%. What is the dividend paid in year 4? Find D4

Round your answer to two decimals

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