Wilbert's Clothing Stores just paid a €1.20 annual dividend.The company has a policy whereby the dividend increases by 2.5% annually.You would like to purchase 100 shares in this firm but realize that you will not have the funds to do so for another three years.If you desire a 10% rate of return,how much should you expect to pay for 100 shares when you can afford to buy this equity? Ignore trading costs.

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The Answer of Wilbert's Clothing Stores just paid a €1.20 annual dividend.The company has a policy whereby the dividend increases by 2.5% annually.You would like to purchase 100 shares in this firm but realize that you will not have the funds to do so for another three years.If you desire a 10% rate of return,how much should you expect to pay for 100 shares when you can afford to buy this equity? Ignore trading costs.

Wilbert's Clothing Stores Just Paid a €1