Question: 1 9 . Supernormal Growth [ LO 1 ] Theegala Corp. is experiencing rapid growth. Dividends are expected to grow at 2 5 percent per

19. Supernormal Growth [ LO1] Theegala Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 15 percent over the following year, and then 6 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for \(\$ 94\) per share. What is the projected dividend for the coming year?
1 9 . Supernormal Growth [ LO 1 ] Theegala Corp.

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