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Business, 15.10.2019 19:30 lanapope

Mobray corp. is experiencing rapid growth. dividends are expected to grow at 25 percent per year during the next three years, 15 percent over the following year, and then 6 percent per year indefinitely. the required return on this stock is 12 percent, and the stock currently sells for $94 per share. what is the projected dividend for the coming year?

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