Calculate the expected dividend in year 6

Reference no: EM13256786

Franks Co. is currently paying a dividend of $2.20 per share (DIV0). The dividends are expected to grow at 25% per year for the next four years (ending with DIV4) and then grow 5% per year thereafter. Calculate the expected dividend in year 6. Give the answer to the second decimal place.

Reference no: EM13256786

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