Question
A company is planning on increasing its annual dividend by 17% per year for the next two years and then decreasing the growth rate to
A company is planning on increasing its annual dividend by 17% per year for the next two years and then decreasing the growth rate to 6% per year forever after. The company just paid its annual dividend in the amount of $1.35 per share. What is the current value of one share if the required rate of return is 15%? PLEASE SHOW ALL WORK. USE EXCEL IF POSSIBLE.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
