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LetItGO Corp. paid a dividend last quarter of $5.52. It is expected to grow at...

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Finance

LetItGO Corp. paid a dividend last quarter of $5.52. It is expected to grow at 4% over the next year, 5%, the following year, and 12% the year after that. After this period of non-constant growth, the dividends are expected to grow at a constant rate of 1% indefinitely. What is the dividend paid in year 1 after the first year of non-constant growth?

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