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Ted McKay has just bought the common stock of Blossom Corp. Management of Blossom expects the company expects to grow at the following rates for

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Ted McKay has just bought the common stock of Blossom Corp. Management of Blossom expects the company expects to grow at the following rates for the next three years: 30 percent, 25 percent, and 15 percent. Last year the company paid a dividend of $2.00. Assume a required rate of return of 10 percent. (a 1) Your answer is correct Compute the expected dividend for the first year. (Round answer to 2 decimal places, eg. 15.25) 260 D ticed Compute the expected dividend for the second year. (Round answer to 2 decimal places, eg. 15.25.) Da $

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