Experiencing rapid growth-projected dividend for coming year

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Reference no: EM13972557

Momsen Corp. is experiencing rapid growth. Dividends are expected to grow at 30% per year during the next 3 years, 20% the following year and then 6% a year indefinitely after that. The required return on this stock is 10%, and the stock currently sells for $86 per share. What is the projected dividend for the coming year?

Reference no: EM13972557

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