(Answered) Junkies corporation has just paid a dividend of 090

Finance

Junkies Corporation has just paid a dividend of $0.90. Dividends are expected to grow at 20% for years one and two, 15% for years three and four, 10% for years five and six, and 5% thereafter.

What is the expected dividend for year 10 if the required return is 18 percent?

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