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Expected Dividend Per Shares

Company x just paid a dividend of $1.50 a share. the dividend was expected to grow 7% for the next 3 years and then 5% a year thereafter. What is the expected dividend per share for each of the next 5 years?

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Company x just paid a dividend of $1.50 a share. The dividend was expected to grow 7% for the next 3 ...

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This solution is comprised of a detailed explanation to answer what is the expected dividend per share for each of the next 5 years.

$2.19