Aar Home Grades Personalized Reviews Discussion Course Materials Final Exam-Chap

Question

Aar Home Grades Personalized Reviews Discussion Course Materials Final Exam-Chapters 7-11, 14,16 Time Remaining: 112 minutes Back to Assignment Deadline Today at 09:00 PM GLC Corporation just paid a dividend of $1.60 a share (i.e.DO-$1.60A?A ). The dividend is expected to grow 9% a year for the next 3 years and then at 5% a year thereafter, what is the expected dividend per share for fifth year (DS)? 14. O A. $2.14 0 B. $1.96 C. $2.04 D. $2.28 Continue without saving Copyright Notices Terms of UsePrivacy NoticeSecurity NoticeAccessibility

Explanation / Answer

Answer is 2.28

Year Dividend last year Growth rate Expected dividend 1 1.6 9% 1.744 2 1.744 9% 1.90096 3 1.90096 9% 2.0720464 4 2.0720464 5% 2.17564872 5 2.17564872 5% 2.284431156

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