Projected dividend for the coming year


Problem:

Frey Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent over the following year, and then 4 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $64 per share.

Required:

Question: What is the projected dividend for the coming year?

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Accounting Basics: Projected dividend for the coming year
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