The Merriweather Co.just announced that it is paying 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 of this stock be worth five years from now if the required return is 12%?

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The Answer of The Merriweather Co.just announced that it is paying 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 of this stock be worth five years from now if the required return is 12%?