The moonless corporation has just paid a divident of Rs. 3 per share. The divident of this company grows at a steady rate of 8% per year. Based on this information, what will be the divident in 5 years

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Have you made some attempt at solving this?

Hey please get me the exact answer.. m not getting it

Use the formula for compound growth:



where FV = future value, PV - present value, n = number of compounding periods (here 3 years) and i = the interest rate per period

P.S. Please don't double post your question, especially since I'd already told you read our homework guidelines and all you did is post the question again on a new thread. I've merged the two together as re-posting doesn't change the rules.

Read the guidelines again. I'm not giving you an exact answer to anything until we see where your attempts are at doing the problem. If you've attempted, you post what you've attempted - we look at it. You even have an equation now.