Question
6. Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth
6.
Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 6.8 percent thereafter. The required return is 15 percent and the company just paid a $3.15 dividend. |
Required: |
What are the dividends each year for the next four years?(Do not round intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).) |
Year 1 | $ |
Year 2 | $ |
Year 3 | $ |
Year 4 | $ |
What is the share price in three years?(Do not round intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).) |
Share price in 3 years | $ |
What is the current share price?(Do not round intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).) |
Current share price | $ |
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