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Michigan Company just paid a dividend of $2.80 per share. Analysts expect future dividends to grow at 10 percent per year for the next four
Michigan Company just paid a dividend of $2.80 per share. Analysts expect future dividends to grow at 10 percent per year for the next four years and then grow at 5 percent per year thereafter. Calculate the expected dividend in year 5. Multiple Choice s4.05 52.85 $430 53.71
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