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how to work this out step by step ? 7) A Manufacturing Company based in the US just paid a dividend of 12.40. Analysts expect
how to work this out step by step ?
7) A Manufacturing Company based in the US just paid a dividend of 12.40. Analysts expect its dividend to grow at a rate of 16 per cent next year, 11 per cent for the following three years, and then a constant rate of 5 per cent thereafter. What is the expected dividend per share at the end of year 6? A) 14.08 B) 18.98 C) 20.77 D) None of the above values Step by Step Solution
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