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Business, 09.11.2019 04:31 ana9340

Mobray corp. is experiencing rapid growth. dividends are expected to grow at 30 percent per year during the next three years, 20 percent over the following year, and then 5 percent per year indefinitely. the required return on this stock is 11 percent, and the stock currently sells for $60 per share. what is the projected dividend for the coming year?

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