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Business, 20.01.2022 09:10 siddhi50

Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 18 percent over the following year, and then 5 percent per year, indefinitely. The required return on this stock is 12 percent and the stock currently sells for $76 per share. What is the projected dividend for the coming year

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