Analysts expect future dividends to grow

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Reference no: EM13868337

Michigan Co. just paid a dividend of $2.00 per share. Analysts expect future dividends to grow at 20% per year for the next four years and then grow at 6% per year thereafter. Calculate the expected dividend in year 5.

$4.15

$2.95

$4.40

$3.81

Reference no: EM13868337

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