What is connors dividend at year 3

Reference no: EM13304224

The Connors Company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. Connors' required return (rs) is 12%.

What is Connors' dividend at year 3?

a. $1.32
b. $1.82
c. $1.15
d. $1.45

Reference no: EM13304224

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