They will keep this policy for the next 10 years afterward


1. Compare Audit Processes: The Process Audit - by Michael Hammer) and Baldrige National Quality Program: Criteria for Performance Excellence (TQM)

2. A stock currently has a zero growth dividend policy and just paid a dividend of $4/share.  They will keep this policy for the next 10 years.  Afterward, they will increase their dividends by 2.5%/year, indefinitely.  R=14%.  Calculate the dividend payment in year 18.

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Financial Management: They will keep this policy for the next 10 years afterward
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