Business, 20.11.2019 21:31, crybaby222psyc

Mobray 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 7 percent per year indefinitely. the required return on this stock is 12 percent, and the stock currently sells for $70 per share. what is the projected dividend for the coming year? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Mobray corp. is experiencing rapid growth. dividends are expected to grow at 26 percent per year dur...