Experiencing rapid growth

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Eva Corp. is experiencing rapid growth. Dividends are expected to grow at 29 percent per year during the next 3 years, 18 percent over the following year, and then 4 percent per year indefinitely. The required return on this stock is 13 percent, and the stock currently sells for $80 per share. The projected dividend for the coming year is $ . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM131838625

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