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Question 10 1 pts PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years,
Question 10 1 pts PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 12 percent over the following year, and then 4 percent per year thereafter indefinitely. The required return on this stock is 9.06 percent, and the stock currently sells for $75.09 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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