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Consider the stock information for the IPO (initial public offering) for Lyft. Expected IPO stock price = $120/share Expected cash dividend next year $3.00/share This

Consider the stock information for the IPO (initial public offering) for Lyft. Expected IPO stock price = $120/share Expected cash dividend next year $3.00/share This dividend amount is expected to grow by 10% each year The expected stock price after 3 years is $140/share The market interest rate is 6%. What is the nominal dividend amount in year 2?

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