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HI-GRO Inc. common stock paid a dividend of $2.40 for the past year. Dividends are expected to grow 25 percent per year for two years,
HI-GRO Inc. common stock paid a dividend of $2.40 for the past year. Dividends are expected to grow 25 percent per year for two years, 15 percent in year 3, and 10 percent per year after that. The required rate of return on GRO Inc. common stock is 16 percent. The present value of the dividends during the unusual growth rate equals $5.56 $8.14 $9.08 $11.06
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