EOC Problems $11-14$

Question $8$ of $1$

Problem $11-14-$ Perpetuity Model

Suppose that a security paid a dividend of $$2\mathrm{.}7$ per share for the year. The dividend is expected to grow by $$0\mathrm{.}05$ per year for $5$ years. Afterwards, dividend will grow at a constant $5\%$ forever. Its required rate is $8\%.$

$\backslash$table$[[$Dividend$,$$$2\mathrm{.}70$