Thress Industries just paid a dividend of $1.50 a share (i.e, Do = $1.50). The dividend is expected to grow 5% a year for the next 3 years, and then 10% a year thereafter. What is the expected dividend per share for each of the next 5 years?
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D1 = D
0 (1 + g)
= 1.50 (1 + 0.05)
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