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QUESTION 12 Can you grow a dividend when growth is not constant? Firm Tomorrowland paid a dividend last quarter of $5.83. It is expected to
QUESTION 12 Can you grow a dividend when growth is not constant? Firm Tomorrowland paid a dividend last quarter of $5.83. It is expected to have non constant growth over the next two years with 2% over the next year and 9%, the following year. Then it will grow at a constant rate of 2% forever after. What is the dividend paid in year 3 (D3) after the first year of constant growth
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