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I need help with this problem with explanation on how you got this answer please. 7-1). DPS Calculation Thress Industries just paid a dividend of

I need help with this problem with explanation on how you got this answer please.

7-1). DPS Calculation

Thress Industries just paid a dividend of $1.50 a share (i.e., D0 = $1.50). The dividend is expected to grow 5% a year for the next 3 years and then 10% a year thereafter. What is the expected dividend per share for each of the next 5 years?

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