Question

The following are dividend payments for Burger King for the past few years.

Based on this info figure out the dividend growth rate for the past 5 years: (hint: watch your negative/positive signs)

2015	$               3.40
2016	$               3.56
2017	$               3.76
2018	$               4.04
2019	$               4.64
2020	$               5.00

Burger King dividend growth rate is: (answer format 8%, no decimals)

Using this growth rate, what should the current value of the stock be given a required return of 10%? (answer format $100.00, two decimal places)

Answer 1

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