Burton corp. is growing quickly. dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 6.1 percent thereafter. the required return is 12 percent and the company just paid a dividend of $2.80. what are the dividends each year for the next four years

Current year dividend (D0) = $2.80

Dividend for the first year (D1) = $2.80*1.31 = $3.67

Dividend for the second year (D2) = $2.80*1.31^2 = $4.81

Dividend for the third year (D3) = $2.80*1.31^3 = $6.29

Dividend for the fourth year (D4) = $2.80*1.06 = $6.67

Price of the stock at the third year (P3) = $6.67/(0.12-0.06) = $111.21

Current Price of the dividend (P0) = $3.67/1.12 + $4.81/1.12^2 + $6.29/1.12^3 +$111.21/1.12^3

Current Price of the dividend (P0) = $3.28 + $4.29 + $5.62 + $79.15

Current Price of the dividend (P0) = $92.34

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.