Dividends will grow over the next five years

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Four years ago, ACME paid a dividend of $1.20 per share. ACME paid a dividend of $1.93 per share yesterday. Dividends will grow over the next five years at the same rate they grew over the last four years. Thereafter, dividends will grow at 7% per year. What will ACME dividend be in 7 years?

Reference no: EM13949034

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