Gonzo growth corporation has never paid a dividend and will


Gonzo growth corporation has never paid a dividend, and will not pay on in the coming year. however, in exactly 2 years, it plans to begin paying a dividend equal to 30% of its earnings at the time. Gonze's earnings this past year were $5 per share, and it expects earnins to grow by 20% per year until the dividend is paid. after it begins paying the dividend, gonzo expects future growth to level of at 7% per year afterwards.

Based on these assumptions, what the dividends will Gonzo pay in the next 3 years? specify D1, D2, D3.

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Financial Management: Gonzo growth corporation has never paid a dividend and will
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