Lisa owns stock in a company which has paid the annual dividends shown in below table calculate the growth rate of these dividends.
Year Dividends ($)
2003 2.89
2002 2.53
2001 2.22
2000 1.95
1999 1.71
1998 1.50
Questions-
A) Calculate the growth rate of these dividends
B) Calculate the estimated dividend for 2004
C) The required return is assumed to be 17%. Using the constant growth model, determine the per share value of the stock.