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Problem 7-1 DPS Calculation Thress Industries just paid a dividend of $3.00 a share (i.e., D 0 = $3.00). The dividend is expected to grow

Problem 7-1 DPS Calculation

Thress Industries just paid a dividend of $3.00 a share (i.e., D0 = $3.00). The dividend is expected to grow 4% a year for the next 3 years and then 14% a year thereafter. What is the expected dividend per share for each of the next 5 years? Round your answers to the nearest cent.

  1. D1 = $
  2. D2 = $
  3. D3 = $
  4. D4 = $
  5. D5 = $

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