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OKR plans to pay equal amount of dividends for the next five years; then increase it by 9% for year 6, and 6% thereafter. The
OKR plans to pay equal amount of dividends for the next five years; then increase it by 9% for year 6, and 6% thereafter. The current stock price is $120. Calculate the expected dividend at year 4 if the required return is 10%.
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