Suppose the company is expected to pay a dividend of $8 97 next year That is, D 1 is $8 97 What is the amount of dividend in Year 20 That is, what is D 20 Assume that the dividends are expected to grow by 15 each year Enter your answer rounded off to two decimal points Do not enter $ or comma in the answer box

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Suppose the company is expected to pay a dividend of $8.97. next year That is, D 1 is $8.97. What is the amount of dividend

Suppose the company is expected to pay a dividend of $8.97. next year That is, D₁ is $8.97. What is the amount of dividend in Year 20? That is, what is D₂₀? Assume that the dividends are expected to grow by 15% each year.

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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