After year 7 dividends will grow by a 5 annual rate what is


Over next 3 years, no dividends to be paid; a dividend of $3.5 is paid in year 4, 5 ,6, & 7. After year 7, dividends will grow by a 5% annual rate. What is the price of the share based on these forecast and a 16% rate of return?

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Finance Basics: After year 7 dividends will grow by a 5 annual rate what is
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