Question: SHOW ALL STEPS AND DOUBLE CHECK YOUR WORK PLEASE! Question 10 1 pts PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at

SHOW ALL STEPS AND DOUBLE CHECK YOUR WORK PLEASE!

SHOW ALL STEPS AND DOUBLE CHECK YOUR WORK PLEASE! Question 10 1

Question 10 1 pts PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 12 percent over the following year, and then 5 percent per year thereafter indefinitely. The required return on this stock is 9.43 percent, and the stock currently sells for $61.57 per share. What is the projected dividend (in $) for the coming year? Answer to two decimals, carry intermediate calcs. to four decimals

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