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BioSci, Inc., a biotech firm paid a dividend of $2.00 last week. The company has forecast the following growth rates for the next three years:
BioSci, Inc., a biotech firm paid a dividend of $2.00 last week. The company has forecast the following growth rates for the next three years: 30 percent, 25 percent, and 20 percent. The company then expects to grow at a constant rate of 7 percent forever. What are the dividends expected over the next four years? (Round final answers to one decimal place)
A) $2.6, 3.3, 3.9 and 4.2 |
B) $4.5, 3.3, 1.2 and 3.9 |
C) $1.5, 2.3, 3.2 and 5.9 |
D) $1.9, 6.1, 3.9 and 1.9 |
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