Long Life Floors just paid an annual dividend of $0.82 a share and plans on increasing future dividends by 2 percent annually.The discount rate is 15 percent.What will the value of this stock be 5 years from today?
A) $6.96
B) $7.04
C) $7.10
D) $7.18
E) $7.25
Correct Answer:
Verified
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