Uptown Homes just paid a $1.60 annual dividend. This dividend is expected to increase by 3% per year. If you are planning on buying 1,000 shares of this stock one year from now, how much should you expect to pay per share if the market rate of return for this type of security is 13.5% at the time of your purchase?

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The Answer of Uptown Homes just paid a $1.60 annual dividend. This dividend is expected to increase by 3% per year. If you are planning on buying 1,000 shares of this stock one year from now, how much should you expect to pay per share if the market rate of return for this type of security is 13.5% at the time of your purchase?

Uptown Homes Just Paid a $1