Multiple Choice
Otobai Motor Company just paid a dividend of $1.40.Analysts expect its dividend to grow at a rate of 18% for the next three years and then a constant rate of 5% thereafter.What is the expected dividend per share at the end of year 5?
A) $2.35
B) $2.54
C) $2.91
D) $1.50
Correct Answer:
Verified
Correct Answer:
Verified
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