Calculate the growth rate of these dividends

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Reference no: EM13823165

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.

Reference no: EM13823165

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