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Two - stage Non - constant DDM: Assume that for the next four years MSFT will grow its dividends at a rate of 1 0

Two-stage Non-constant DDM: Assume that for the next four years MSFT will grow its dividends at a rate of 10.7170%. Assuming D1=$3.10, estimate dividends for: D2,D3,D4 and D5. You may round each dividend estimate to the nearest penny. (10 points)
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