This morning,you purchased a stock that will pay an annual dividend of $1.90 per share next year.You require a 12 percent rate of return and the annual dividend increases at 3.5 percent annually.What will your capital gain be on this stock if you sell it three years from now?
A) $2.43
B) $2.51
C) $2.63
D) $2.87
E) $2.92
Correct Answer:
Verified
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