The Barclay House increases its dividend each year.The next annual dividend is expected to be $1.75 a share.Future dividends will increase by 4 percent annually.What is the current value of this stock if the discount rate is 10 percent?
A) $28.91
B) $28.05
C) $28.78
D) $29.00
E) $29.17
Correct Answer:
Verified
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