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Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate
Yang Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 7.3 percent thereafter. The required return is 15 percent and the company just paid a $3.40 dividend Required What are the dividends each year for the next four years? (Do not round intermediate calculations Round your answers to 2 decimal places (e.g., 32.16).) Year 1 Year 2 Year 3 Year 4 What is the share price in three years? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Share price in 3 years What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price 79.77
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