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Forest Corporation is expected to pay $1 dividends per share next year (year 1) to its shareholders. Its required rate of return on equity is

Forest Corporation is expected to pay $1 dividends per share next year (year 1) to its shareholders. Its required rate of return on equity is 10%. Dividends are expected to grow at 8% per year for year 2 through year 3, and then slow down to a steady long-term growth rate of 3% for year 4 and beyond. What is the expected dividend in year 4 (d4)?

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