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Supernormal Growth [LO1] Eva Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 15

Supernormal Growth [LO1] Eva Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 15 percent over the following year, and then 8 percent per year indefinitely. The required return on this stock is 13 percent, and the stock currently sells for $76 per share. What is the projected dividend for the coming year?

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