K’s fashions is growing quickly. dividends are expected to increase by 15 percent annually for the next three years, with the growth rate falling off to a constant 5 percent thereafter. the required return is 16 percent and the company just paid a $3.80 annual dividend. what is the current share price?

Answer

Given,

current dividend, D₀ = $3.80,  g₁ = g₂ = g₃ = 15%,

g = 5% and required return,         k = 16%

Expected dividend, D₁= D₀ x (1 + g₁)

                                    = $3.80 x (1.15) = $4.37

Expected dividend, D₂ = D₁ x (1 + g₂)

                                      = $4.37 x (1.15) = $5.026  

Expected dividend, D₃ = D₂ x (1 + g₃)

                                      = $5.026 x (1.15) = $5.779  

Expected dividend, D₄ = D₃ x (1 + g)

                                      = $5.779 x (1.05) = $6.068

The price at the end of year 3, P₃ is

P₃ = $55.166

The current share price, P₀is

P₀ = $46.54

pls refer ro the top for answer

80° is the measure of gh

step-by-step explanation:

circle f is congruent to circle j

we have two circle with center f and j.

both circles are congruent. the radius of the circle would be equal.

see the attachment for the circle.

we are given ∠efd ≅ ∠gjh

therefore, arc (ed) = arc (gh)     (∴ circle f is congruent to circle j)

but ∠dfe=80°=arc (ed)

therefore, arc (gh) = 80°

thus, 80° is the measure of gh