A company just paid a dividend of 287 per share the, Finance Basics

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A company just paid a dividend of 287 per share the

Question: A company just paid a dividend of $2.87 per share. The dividend is expected to grow at 25 percent per year for the next five years. Thereafter, the dividend growth rate is expected to be 6 percent per year into the foreseeable future. Calculate the dividend expected to be paid 8 years from today ( that is, at t = 8).

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Finance Basics: A company just paid a dividend of 287 per share the

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