Question: 1)Firm B is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years , with the growth rate

1)Firm B is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years, with the growth rate falling off to a constant 7 percent thereafter. The required return is 13 percent and the company just paid a dividend of $4.00 on its stock.

a)What is the dividend at year 4?

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