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You believe the dividend for Steve's Pet Store Inc. will be 37 in three years time. You expect the dividend to grow at a rate
You believe the dividend for Steve's Pet Store Inc. will be 37 in three years time. You expect the dividend to grow at a rate of 7% per year indefinitely. What will the dividend be twenty yea from now? Round your answer to two decimal places. a) 116.88 b) 143.18 c) None of the other answers is correct d) 120.04 e) 147.05
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