The dividends on the equity shares of Morgan Industries Ltd. (MIL) have been experiencing a growth rate of 13% per annum

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The dividends on the equity shares of Morgan Industries Ltd. (MIL) have been experiencing a growth rate of 13% per annum

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The Dividends On The Equity Shares Of Morgan Industries Ltd Mil Have Been Experiencing A Growth Rate Of 13 Per Annum 1
The Dividends On The Equity Shares Of Morgan Industries Ltd Mil Have Been Experiencing A Growth Rate Of 13 Per Annum 1 (546.61 KiB) Viewed 63 times
The dividends on the equity shares of Morgan Industries Ltd. (MIL) have been experiencing a growth rate of 13% per annum in the recent years, which is considered to be above normal. The above normal growth rate in dividends is expected to continue for four years after which the growth rate will reduce to 6% per annum which will continue indefinitely. The company has recently announced a dividend of 23.00 per share. The required rate of return on the equity shares is 16%. You are required to find out the value of the equity share of MIL
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