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What is the dividend that is expected to be paid in year

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Techworld is expecting to pay out a dividend of $3.94 next year (year 1). After that it expects its dividend to grow at 2 percent per annum for the next five years (for years 2 to 6). What is the dividend that is expected to be paid in year 4? (to nearest cent; don't include $ sign)

Reference no: EM132389772

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