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rate is 16 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent) A company has its share currently selling

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rate is 16 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent)

A company has its share currently selling at $21.07 and pays dividends annually. The company is expected to grow at a constant rate of 4 percent pa.. If the appropriate discount rate is 16 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent)? Answer:

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