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Grominetis expected to pay an annual dividend of $2.8 one year from now.Analysts also expect this dividend to grow at 10% per yearthereafter until the fifth year. After then, growth has not beenforecasted by analysts, but it is expected to be lower. Assume thatthe risk free rate of return is 3%, that the beta of Grominet is1.5 and the market risk premium is 5%. What is the expected growthrate after year 5 implied by a stock price of $43.40?