Your company is a new firm in a rapidly growing industry. It is planning on increasing its
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Question:
Your company is a new firm in a rapidly growing industry. It is planning on increasing its annual dividend by 20% a year for the next four years and then decreasing the growth rate to 5% per year. If your company just paid its annual dividend in the amount of $1.00 per share, what is the current value of one share? (The required rate of return is 9.00%)
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