What is the projected dividend for the coming year

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Reference no: EM131958609

PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 24 percent per year during the next three years, 17 percent over the following year, and then 3 percent per year thereafter indefinitely. The required return on this stock is 8.09 percent, and the stock currently sells for $70.62 per share. What is the projected dividend for the coming year? Answer to two decimals, carry intermediate calcs. to four decimals.

Reference no: EM131958609

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