Healthy Foods just paid its annual dividend of $1.45 a share.The firm recently announced that all future dividends will be increased by 2.8 percent annually.What is one share of this stock worth to you if you require a 14 percent rate of return?
A) $12.56
B) $12.95
C) $13.31
D) $13.68
E) $14.07
Correct Answer:
Verified
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