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undefined You are studying possible companies to invest in. Alpha Academic has interesting dividend projection. They just paid a dividend of $2.55. Management has projected
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You are studying possible companies to invest in. Alpha Academic has interesting dividend projection. They just paid a dividend of $2.55. Management has projected the following growth rates: 31% for the next 3 years, with the growth rate falling off to a constant 7.1% thereafter. The required return is 12% What are the dividends each year for the next four years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 12.34.) Year 1 Year 2 Year 3 Year 4 What is the share price in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Share price in three yearsStep by Step Solution
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