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OMG Corporation just paid a $1.80 annual dividend on each share. It is planning on increasing its dividend by 18 percent a year for the
OMG Corporation just paid a $1.80 annual dividend on each share. It is planning on increasing its dividend by 18 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 3 percent per year, and keep it that way indefinitely. The required rate of return is 7.30 percent. Calculate the current value of one share of this corporation's stock. Multiple Choice $83.59 O $72.25 O $74.05 $85.39 O $63.06 O
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