Problem:
Ramone Industries just paid a dividend of $2.25 per share (i.e., D0 = $2.25). The dividend is expected to grow 6% per year for the next 4 years, and then 10% a year thereafter.
Required:
Question: What is the expected dividend per share for each of the next 6 years.
Note: Please explain comprehensively and give step by step solution.