Wilson's Furniture is experiencing good growth so has decided to commence paying dividends starting next year.The first dividend will be $0.50 a share with annual increases of 4 percent in the dividend amount.The discount rate is 10 percent.What will the value of this stock be four years from now?
A) $8.50
B) $8.72
C) $9.03
D) $9.23
E) $9.75
Correct Answer:
Verified
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