Question: Please help me with a4 question, thank you! Ted McKay has just bought the common stock of Oriole C p. Management of Oriole expects the

Ted McKay has just bought the common stock of Oriole C p. Management of Oriole expects the company expects to grow at the following rates for the next three years: 40 percent, 35 percent, and 25 percent. Last year the company paid a dividend of $2.60. Assume a required rate of return of 12 percent. (21) Your Answer Correct Answer Your answer is correct. Compute the expected dividend for the first year. (Round answer to 2 decimal places, e.g. 15.25) D $ 3.64 Compute the expected dividend for the third year. (Round answer to 2 decimal places, e.g. 15.25.) D3 6.14 e Textbook and Media Solution Attempts: 1 of 1 used Using multiple attempts will impact your score. 50% score reduction after attempt 2 (a4) Compute the present value of these dividends if the required rate of return is 12 percent. (Round answer to 2 decimal places, eg. 15.25.) Present value $
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