Question: Problem 9 - 2 2 Finding the Dividend Sorenson, Incorporated, is expected to pay equal dividends at the end of each of the next two
Problem Finding the Dividend
Sorenson, Incorporated, is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant annual rate of percent, forever. The current stock price is $ What is next years dividend payment if the required rate of return is percent? Do not round intermediate calculations and round your answer to decimal places, eg
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