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Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 27% per year during the next 3 years, 17% over the following year,

Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 27% per year during the next 3 years, 17% over the following year, and then 7% per year indefinitely. The required rate of return on this stock is 12%, and the stock currently sells for $65 per share. What is the projected dividend for the coming year

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