What is sthe projected dividend for the coming year

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Question:

Frey Cor. is expreincing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years, 20 percent the following year, and then 6 percent per year indefinitely.

The required return on this stock is 10 percent, and the stock currently sells for $76.00 per share. What is sthe projected dividend for the coming year?

Reference no: EM13739828

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