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I need help checking my work to ensure it is correct or see where I am in error. Thank you in advance. Please show work
I need help checking my work to ensure it is correct or see where I am in error. Thank you in advance. Please show work so I can follow.
ABC Inc. just announced it is increasing its annual dividend to $1.00 next year and establishing a policy whereby the dividend will increase by 3.5 percent annually thereafter.
(1) What will the dividend be 10 years from now?
(2) How much will one share of this stock be worth 20 years from now if the required rate of return is 9 percent?
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