1 answer

35. The Bulldog Company just paid a dividend of $1.50 (that is, D. = 1.50). If...

Question:

35. The Bulldog Company just paid a dividend of $1.50 (that is, D. = 1.50). If its dividends are expected to grow forever at
35. The Bulldog Company just paid a dividend of $1.50 (that is, D. = 1.50). If its dividends are expected to grow forever at a rate of 3 percent per year, what is the expected dividend per share for Bulldog five years from today (that is, what is Ds)?

Answers

This question requires application of basic time value of money function, according to which FV = PV * (1 + r) where FV is F

Div5 = Div0 * (1 + g)5

Div5 = 1.50 * (1 + 3%)5

Div5 = 1.50 * 1.1593

Div5 = $1.7389

Div5 = $1.74

.

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