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Pike Corporation just paid a dividend of $2.20 a share (that is, D 0 = $2.20). The dividend is expected to grow 11 percent a
Pike Corporation just paid a dividend of $2.20 a share (that is, D 0 = $2.20). The dividend is expected to grow 11 percent a year for the next 4 years and then at 4 percent a year thereafter. What is D 6, the expected dividend per share for Year 6?
a. | $4.23 | |
b. | $3.34 | |
c. | $3.61 | |
d. | $4.11 | |
e. | $2.78 |
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