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Business, 15.11.2019 05:31 womankrush538

Presently, stock a pays a dividend of $2.00 a share, and you expect the dividend to grow rapidly for the next four years at 20 percent. thus the dividend payments will be year dividend 1 $1.20 2 1.44 3 1.73 4 2.07 after this initial period of super growth, the rate of increase in the dividend should decline to 8 percent. if you want to earn 12 percent on investments in common stock, what is the maximum you should pay for this stock?

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