The Barclay House increases its dividend each year. The next annual dividend is expected to be $1.35 a share. Future dividends will increase by 3.5 percent annually. What is the current value of this stock if the discount rate is 8 percent?
A)$28.91
B)$29.05
C)$29.78
D)$30.00
E)$30.25

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The Answer of The Barclay House increases its dividend each year. The next annual dividend is expected to be $1.35 a share. Future dividends will increase by 3.5 percent annually. What is the current value of this stock if the discount rate is 8 percent?
A)$28.91
B)$29.05
C)$29.78
D)$30.00
E)$30.25

The Barclay House Increases Its Dividend Each Year