The Merriweather Co.just announced that it will pay a dividend next year of €1.60 and is establishing a policy whereby the dividend will increase by 3.5% annually thereafter.How much will one share be worth ﬁve years from now if the required rate of return is 12%?

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The Answer of The Merriweather Co.just announced that it will pay a dividend next year of €1.60 and is establishing a policy whereby the dividend will increase by 3.5% annually thereafter.How much will one share be worth ﬁve years from now if the required rate of return is 12%?