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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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