Fa industries just paid a dividend of 10 a share ie d0 , Ask an Expert

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FIA Industries just paid a dividend of $ 1.0 a share (i.e., D0 = 1.0 ). The dividend is expected to grow 14 % a year for the next 3 years and then at 3 % a year thereafter. What is the expected dividend per share for year 4 (i.e., D 4 )? Round your answers to two decimal places.

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