Wilton's Market just announced its next annual dividend will be $1.62 a share with future dividends increasing by 2.2 percent annually.How much will one share of this stock be worth 6 years from now if the required return is 12.5 percent?
A) $16.76
B) $17.92
C) $18.14
D) $18.32
E) $15.79
Correct Answer:
Verified
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