Expected to be paid out at the end of year five

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Can Corp. just paid a dividend of $1.70/share. The dividend is expected to grow 9.2% a year for the next 3 years and then at 4.4% a year thereafter. What is the expected dividend per that is expected to be paid out at the end of year five? Round your answer to two decimal places and show your work to receive full credit.

Reference no: EM131998167

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