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Q1) Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 35 percent per year in next 3 years, 21% over following year, and then 7 percent per year indefinitely. Required return of this stock is 15%, and stock currently sells for $70 per share. Projected dividend for coming year is $_____.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921522

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