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FIA Industries just paid a dividend of $ 1.5 a share (i.e., D0 = 1.5...

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Finance

FIA Industries just paid a dividend of $ 1.5 a share (i.e., D0 = 1.5 ). The dividend is expected to grow 8 % a year for the next 3 years and then at 4 % a year thereafter. What is the expected dividend per share for year 6 (i.e., D 6 )? Round your answers to two decimal places.

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