Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 6.4 percent thereafter. The required return is 16 percent and the company just paid a dividend of $2.95.
What are the dividends each year for the next four years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Year 1 $
Year 2 $
Year 3 $
Year 4 $
What is the share price in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Share price in 3 years $
What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Current share price $