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UniTec is a young startup company based out of Palo Alto, California. UniTecs stock is expected to experience high growth, dividends are expected to grow
UniTec is a young startup company based out of Palo Alto, California. UniTecs stock is expected to experience high growth, dividends are expected to grow at 55% per year during the next 2 years, 35% the following year, and then 20% per year thereafter. The stock is currently $52.50 and investors require a 29% return on this stock. What dividend was just paid on this stock? ***Please show how to solve with financial calculator***
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