Question: Eva Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 15 percent over the
Eva 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 8 percent per year indefinitely. The required return on this stock is 13 percent, and the stock currently sells for $76 per share. The projected dividend for the coming year is $??? . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))
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