It is now January 1, 1988. Prosun Engineering is expected to experience a 30 percent annual growth rate for the...
schon.It is now January 1, 1988. Prosun Engineering is expected to experience a 30 percent annual growth rate for the next two years. After the first two years the growth rate will decline to 8% and stay there indefinitey. The required rate of return on Prosun's stock is 12% and the most recent annual dividend which was paid yesterday was $1.50/share.
1. Calculate the expected dividends for 1989 and 1990.
2. Calculate the current market price of Prosun's common stock.
Please be specific. Thanks
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