Experiencing rapid growth-what is the projected dividend

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Momsen Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent over the following year, and then 6 percent per year indefinitely. The required return on this stock is 12 percent, and the stock currently sells for $84 per share. What is the projected dividend for the coming year?

Reference no: EM13879324

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