How much is the dividend expected

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Last year, Company A paid an annual dividend of $2.50 per share. The company recently announced that it will be increasing its dividend by 10 percent, 8 percent, and 6 percent per year over the next 3 years, respectively. After that, the dividend will increase by a constant 4 percent annually. How much is the dividend expected to be 7 years from now?

Reference no: EM131166002

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