Question
If a company plans to pay a dividend of $5 per share next year and its dividend is expected to grow at a constant rate
If a company plans to pay a dividend of $5 per share next year and its dividend is expected to grow at a constant rate of 5%. How much dividend per share would the company pay two periods later (at t=2)?
Group of answer choices
11.025
5.25
5
5.5125
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Fundamentals Of Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
2nd Edition
0324406363, 978-0324406368
