Sinoceva Company is experiencing rapid growth. Dividends are expected to grow at 30% per year during...
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Sinoceva Company is experiencing rapid growth. Dividends areexpected to grow at 30% per year during the next 3 years; 18% overthe following year; and then 8% per year indefinitely. The requiredreturn on this stock is 11% and the stock currently sells for $65per share.
Required: What is the projected dividend for thecoming year?
Sinoceva Company is experiencing rapid growth. Dividends areexpected to grow at 30% per year during the next 3 years; 18% overthe following year; and then 8% per year indefinitely. The requiredreturn on this stock is 11% and the stock currently sells for $65per share.
Required: What is the projected dividend for thecoming year?
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