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Finance Assignment | Professional Writing

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May 19th, 2020

Assume a corporation has just paid a dividend of $ 2.85 per share. The dividend is expected to grow at a rate of 4.5% per year forever, and the discount rate is 5.7%.

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What should be the amount paid as a dividend per share next year?

Enter your answer in terms of dollars, rounded to 2 decimals, and without the dollar sign. So, if your answer is 3.1416, just enter 3.14.

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