Multiple Choice
Michigan Co. is currently paying a dividend of $2.00 per share. The dividends are expected to grow at 20% per year for the next four years and then grow 6% per year thereafter. Calculate the expected dividend in year 5.
A) $4.15
B) $2.95
C) $4.40
D) $3.81
Correct Answer:
Verified
Correct Answer:
Verified
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