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Business, 03.11.2020 16:50 Nannie60

DT Motors paid its first annual dividend yesterday in the amount of $4.75 a share. The company plans to increase the dividend at a rate of 20 percent per year for the next 3 years. Thereafter, the dividend is expected to grow at 3.50 percent per year indefinitely. What is the amount of the dividend that is expected to be paid eight years from now (D8)

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DT Motors paid its first annual dividend yesterday in the amount of $4.75 a share. The company plans...
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