Determine the expected dividend at the end of year

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Sheridan Natural Foods' current dividend is $6.50. You expect the growth rate to be 0 percent for years 1 to 5, and 2 percent for years 6 to infinity. The required rate of return on this firm's equity is 12 percent.

Determine the expected dividend at the end of year 5.

Reference no: EM132807352

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