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Problem:

Frey Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 18 percent over the following year, and then 6 percent per year indefinitely. The required return on this stock is 11 percent, and the stock currently sells for $68 per share.

Required:

Question: What is the projected dividend for the coming year?

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162741

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