Question: Rabbit Town Corp. is experiencing rapid growth. Dividends are expected to grow at 3 0 % per year during the next three years, 2 0

Rabbit Town Corp. is experiencing rapid growth. Dividends are expected to grow at 30% per year during the next three years,20% over the following year, and then 6% per year indefinitely. The required return on this stock is 10% and the stock currently sells for $76 per share. what is the projected dividend for the coming year?

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