Techworld is expecting to pay out a dividend of $6.77 next year (year 1). After that it
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Question:
Techworld is expecting to pay out a dividend of $6.77 next year (year 1). After that it expects its dividend to grow at 4 percent per annum for the next five years (for years 2 to 6). What is the dividend that is expected to be paid in year 5? (to nearest cent; don't include $ sign)
Answer:
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