River Rock, Inc., just paid an annual dividend of $2.80.The company has increased its dividend by 2.5 percent a year for the past 10 years and expects to continue doing so.What will a share of this stock be worth 6 years from now if the required return is 16 percent?

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The Answer of River Rock, Inc., just paid an annual dividend of $2.80.The company has increased its dividend by 2.5 percent a year for the past 10 years and expects to continue doing so.What will a share of this stock be worth 6 years from now if the required return is 16 percent?