Precision Engineering recently announced that its next annual dividend will be $1.20 per share with later dividends increasing by 2.5 percent annually. What is the current value of this stock to you if you require a 12 percent rate of return?
A)$12.63
B)$12.95
C)$13.05
D)$13.37
E)$13.72

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The Answer of Precision Engineering recently announced that its next annual dividend will be $1.20 per share with later dividends increasing by 2.5 percent annually. What is the current value of this stock to you if you require a 12 percent rate of return?
A)$12.63
B)$12.95
C)$13.05
D)$13.37
E)$13.72

Precision Engineering Recently Announced That Its Next Annual Dividend Will