The projected dividend for the coming year

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Reference no: EM131841851

Eva Corp. is experiencing rapid growth. Dividends are expected to grow at 39 percent per year during the next 3 years, 25 percent over the following year, and then 7 percent per year indefinitely. The required return on this stock is 17 percent, and the stock currently sells for $90 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: EM131841851

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