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NoMoreKidSongs Corp. paid a dividend last quarter of $6.87. It is expected to grow at...

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Finance

NoMoreKidSongs Corp. paid a dividend last quarter of $6.87. It is expected to grow at 4% over the next year, 6%, the following year, and 11% the year after that. After this period of non-constant growth, the dividends are expected to grow at a constant rate of 2% indefinitely. What is the dividend paid in year 2 after the first two years of non-constant growth?

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