1) Firm Z paid a dividend of $2.78 per share this morning.Dividends are expected to grow at...
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Question:
1)Firm Z paid a dividend of $2.78 per share this morning.Dividends are expected to grow at an annual rate of 3.6% per year forever.What is the amount of the dividend that will be paid 7 years from now?Round your answer to the nearest cent.
2)Firm B paid a dividend of $2.36 per share this morning.Dividends are expected to grow at an annual rate of 10% per year for the next 3 years.After that, dividends will grow at 1.1% per year forever. What is the amount of the dividend that will be paid 7 years from now?Round your answer to the nearest cent.
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