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Please finish as soon as possible, Thank you so much! 1. 2. A company just paid a dividend of $3.75 per share. The company plans
Please finish as soon as possible, Thank you so much!
1.2.
A company just paid a dividend of $3.75 per share. The company plans to increase its dividend by 14% next year and then reduce its dividend growth rate by 5% per year until it reaches the industry average of 4% dividend growth, after which it is expected the company will maintain a constant growth rate forever. The stock has a required return of 13%. What dividend amount is this company's stock expected to pay 3 years from now? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. A year from now, a company is expected to pay its next dividend in the amount of $1 per share, after which the company plans to increase its dividend by 14% the next 2 years. The company is then expected to maintain a constant dividend growth rate of 4% forever. The stock has a required return of 16%. What will a share of the company's stock sell for 3 years from today
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