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

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

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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