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Last year, Stylish Masks Inc (SMI) earned $18 per share and reinvested all of its earnings in the company. SMI expecis earnings to grow at
Last year, Stylish Masks Inc (SMI) earned $18 per share and reinvested all of its earnings in the company. SMI expecis earnings to grow at 20% for the next 3 years. At the end of year 3, SMI will distribute 30% of the year 3 earnings to investors. What do you expect the year 3 dividend to be? (1 (round to the nearest cent: $x.xx)
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