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COCA just made a dividend payment. Dividends are expected to grow at 12 % per year in years one through five, stay constant in years
COCA just made a dividend payment. Dividends are expected to grow at 12 % per year in years one through five, stay constant in years 6 through 11 (and equal to the fifth year dividend) and starting from year 12 the dividends are expected to decline at 4% per year in perpetuity. The required return on this stock is 12 percent, and the stock currently sells for $30 per share. What is the projected next dividend payment?
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