Sinoceva Company is experiencing rapid growth. Dividends are expected to grow at 30% per year during...

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

Expert Solution

ekkarill92 answered 1 year ago

A Corporation is experiencing rapid growth. Dividends are expected to grow at 30 percent per year...

A Corporation is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years, 18 percent over the following year, and then 8 percent per year indefinitely. The required return on this stock is 11 percent, and the stock currently sells for $65 per share. What is the projected dividend for the coming year?

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