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LB Corp. has been growing at a rate of 10% per year in recent years....

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Finance

LB Corp. has been growing at a rate of 10% per year in recent years. This same growth rate is expected to last indefinitely. The dividend just paid (D0) was $3 and the required rate of return is 11%. What is the value in year 3 of the dividend paid in that year? (what is D3, round to two decimals)

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