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Postmates, a meal delivery service, which has recently partnered with Uber is experiencing rapid growth. Postmates dividends are expected to grow at 35% per year
Postmates, a meal delivery service, which has recently partnered with Uber is experiencing rapid growth. Postmates dividends are expected to grow at 35% per year during the next four years, 18% over the following year and then 5% per year indefinitely. The required return on this stock is 13% and the stock currently sells for $79 per share. What is the projected dividend for the coming year?
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