I need help with this problem. I know the answer but I don't see how they got it.
a) A company plans to increase its dividend at a rate of 5% per year indefinitely, what will be the dividend per share in 10 years? $6.52
b) If the dividend per share is expected to be $5.87 per share at the end of 5 years at what annual rate is the dividend expected to grow? 8%© BrainMass Inc. brainmass.com September 22, 2018, 10:29 pm ad1c9bdddf - https://brainmass.com/business/dividend-yield/dividend-per-share-69116
a) If Acme Products plans to increase its dividend at a rate of 5% per year indefinitely, what will be the ...
This job examines dividends per share.