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What is the dividend for the 1st year

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Reference no: EM132157840

Blossom Corp. is a fast-growing company whose management expects it to grow at a rate of 20 percent over the next two years and then to slow to a growth rate of 12 percent for the following three years. If the last dividend paid by the company was $2.15.

What is the dividend for the 1st year? (Round answer to 3 decimal places, e.g. 15.250.)

Reference no: EM132157840

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