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Last year, company A paid an annual dividend of $2.50 per share. The company recently announced that it will be increasing its dividend by 10%,
Last year, company A paid an annual dividend of $2.50 per share. The company recently announced that it will be increasing its dividend by 10%, 8%, and 6% per year over the next 3 years, respectively. After that, the dividend will increase by a constant 4% annually. How much is the dividend expected to be 7 years from now?
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