The Common Company has paid the following dividends during the past four years of:
|
Year |
Dividend per Share |
|
1997 |
$2.00 |
|
1998 |
$2 |
|
1999 |
$2 |
|
2000 |
$3 |
If dividends are expected to grow at the same rate as the past four years and the required rate of return on Common common is 10%, what is the expected price of a share of Common common at the end of 2000?