Acme is growing fast dividends are expected to grow at 30, Ask an Expert

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ACME is growing fast. Dividends are expected to grow at 30% per year during the next 3 years, 18 % over the following year, and then 8% per year indefinitely. The discount rate is 13%, and the stock currently sells for $65 per share. What is the projected dividend for the coming year? Please use formulas not Excel to understand process.

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Category:- Financial Management
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