Question
DT Motors paid its first annual dividend yesterday in the amount of $4.75 a share. The company plans to increase the dividend at a rate
DT Motors paid its first annual dividend yesterday in the amount of $4.75 a share. The company plans to increase the dividend at a rate of 30 percent per year for the next 4 years. Thereafter, the dividend is expected to grow at 3 percent per year indefinitely. What is the amount of the dividend that is expected to be paid thirteen years from now (D13)? A. $11.79 B. $17.70 C. $15.46 D. $21.34
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
