Stock is expected to pay annual dividends forever

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A stock is expected to pay annual dividends forever. The first dividend is expected in 1 year and all subsequent annual dividends are expected to grow at a constant rate annually. The dividend expected in 3 years from today is 8.56 dollars and the dividend expected in 11 years from today is expected to be 10.25 dollars. What is the dividend expected to be in 6 years from today?

Reference no: EM132007395

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