Junkies Corporation has just paid a dividend of $0.90.Dividends are expected to grow at 20% for years one and two,15% for years three and four,10% for years five and six,and 5% thereafter.What is the expected dividend for year 10 if the required return is 18 percent?
A) $2.40
B) $2.52
C) $2.65
D) $2.78
Correct Answer:
Verified
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