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Business, 28.05.2020 05:57 IUlawyer4535

A stock just paid an annual dividend of $2.8. The dividend is expected to grow by 10% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.75% per year, from 10% in year 4 to 3% in year 8 and stay at that level forever. The required rate of return is 12%. Attempt 2/10 for 10 pts. Part 1 What is the expected dividend in 8 years

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