Combined Communications Is a New Firm in a Rapidly Growing

question 39

Multiple Choice

Combined Communications is a new firm in a rapidly growing industry.The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 3.5 percent per year.The company just paid its annual dividend in the amount of $0.20 per share.What is the current value of one share of this stock if the required rate of return is 15.5 percent?

• A)$1.82
• B)$2.04
• C)$2.49
• D)$2.71
• E)$3.05

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