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What is the projected dividend for the coming year

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Reference no: EM132761405

Question: Supernormal Growth

Mobray Corp. is experiencing rapid growth. Divi- dends are expected to grow at 25 percent per year during the next three years, 15 per- cent over 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 $79 per share. What is the projected dividend for the coming year?

Reference no: EM132761405

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