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Determine how much will the dividend be at the end

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Question 1: Fab Co has just paid a dividend of $1.4. The company pays dividends annually. Dividends are expected to grow at 12% pa for the next two years and for 5% thereafter for the foreseeable future. How much will the dividend be at the end of the fifth year? Answer to the nearest cent, e.g $5.678 should be entered as 5.68.

Reference no: EM132598429

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