Question: A company will pay a $2.30 dividend per share in one year. The dividend is expected to grow at a constant rate of 8% per

A company will pay a $2.30 dividend per share in one year. The dividend is expected to grow at a constant rate of 8% per year for another 2 years. After that, the dividend is expected to keep growing at a constant rate of 3% per year. The required return is 9%. What will the dividend be in 4 years?

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