Chapter 9 Q1

Weston Corporation just paid a dividend of $2.25 a share (i.e., D₀ = $2.25). The dividend is expected to grow 12% a year for the next 3 years and then at 4% a year thereafter. What is the expected dividend per share for each of the next 5 years? Round your answers to two decimal places.

D₁ = $ D₂ = $ D₃ = $ D₄ = $ D₅ = $