What is the price per share on january

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Reference no: EM133432314

Today's date is January 4, 2022. SmallDog Inc. stock pays a dividend every year on January 3rd. The most recent dividend (yesterday, on January 3rd) was $3.00 per share. You expect the company's dividends to increase at a rate of 8% per year through January 3, 2025 (for three years). After that, you expect that the dividends will increase by 3% per year. Investors require an 8% return on SmaIIDog Inc. stock.

Question 1. What is the dividend on January 3, 2023? (hint: next year!)

Question 2. What is the price per share on January 4, 2022?

Reference no: EM133432314

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