What is the projected dividend for the coming year

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Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 24 percent per year during the next three years, 14 percent over the following year, and then 8 percent per year, indefinitely. The required return on this stock is 10 percent and the stock currently sells for $86 per share. What is the projected dividend for the coming year?

Reference no: EM132932902

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