How to finding dividend for supernormal growth

Reference no: EM1312790

How to Finding dividend for Supernormal Growth.

Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 35 percent per year during next 3 years, 21 percent over the following year, and then 7 percent per year indefinitely. The required returns this stock is 15 percent, and the stock currently sells for $70 per share. The projected dividend for the coming year is $______. (Round your answer to 2 decimal places, e.g. 32.16.)

Reference no: EM1312790

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