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PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 14 percent over the
PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 14 percent over the following year, and then 2 percent per year thereafter indefinitely. The required return on this stock is 10.43 percent, and the stock currently sells for $74.22 per share. What is the projected dividend (in $) for the coming year? Answer to two decimals, carry intermediate calcs. to four decimals
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