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Company ABC's growth rate in dividends in the following year is anticipated to be 7% and this rate is expected to decrease by 1%

Company ABC's growth rate in dividends in the following year is anticipated to be 7% and this rate is expected to decrease by 1% per year until it reaches a perpetual rate of 4%. It has just declared a dividend of $3 per share and you want to have a 12 % return by investing in this stock. the value of the dividend received at the end of Yr 5 is:

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