The Fish House increases its dividend each year.The next annual dividend is expected to be $2.32 a share.Future dividends will increase by 4.0 percent annually.What is the current value of this stock if the discount rate is 12 percent?
A)$28.91
B)$28.05
C)$28.78
D)$29.00
E)$29.18

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The Answer of The Fish House increases its dividend each year.The next annual dividend is expected to be $2.32 a share.Future dividends will increase by 4.0 percent annually.What is the current value of this stock if the discount rate is 12 percent?
A)$28.91
B)$28.05
C)$28.78
D)$29.00
E)$29.18

The Fish House Increases Its Dividend Each Year