Question: Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years; 18 percent over the

Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years; 18 percent over the following year; and then 8 percent per year, indefinitely. The required return on this stock is 11 percent, and the stock currently sells for $65 per share. What is the projected dividend for the coming year?

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