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Berkshire Homes recently paid $2.20 as an annual dividend. Future dividends are projected at $2.30, $2.50, and $2.75 over the next 3 years, respectively. Beginning
Berkshire Homes recently paid $2.20 as an annual dividend. Future dividends are projected at $2.30, $2.50, and $2.75 over the next 3 years, respectively. Beginning four years from now, the dividend is expected to increase by 3 percent annually. What is one share of this stock worth to you today if you require an 11 percent rate of return?
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