please show how to do off of the Hp12c 9.5 Present value of...
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please show how to do off of the Hp12c
9.5 Present value of dividends: Fresno Corp. is a fast-growing company whose management expects it to grow at a rate of 30 percent over the next two years and then to slow to a growth rate of 18 percent for the following three years. If the last dividend paid by the company was $2.15, estimate the dividends for the next five years. Compute the present value of these dividends if the required rate of return is 14 percent
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