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Jumbo Corp. is experiencing rapid growth. Dividends are expected to grow at 3 0 percent per year during the next three years, 1 8 percent

Jumbo Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years, 18 percent over the following year, and then 8 percent per year indefinitely. The required return on this stock is 13 percent,Page 6 of 8 and the stock currently sells for K65 per share. What is the projected dividend for the coming year?

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