Upland Motors recently paid a per share dividend of $1.48.Dividends are expected to increase by 2.5 percent annually.What is one share of this stock worth today if the appropriate discount rate is 14 percent?
A)$12.87
B)$13.04
C)$14.16
D)$13.19
E)$12.25

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The Answer of Upland Motors recently paid a per share dividend of $1.48.Dividends are expected to increase by 2.5 percent annually.What is one share of this stock worth today if the appropriate discount rate is 14 percent?
A)$12.87
B)$13.04
C)$14.16
D)$13.19
E)$12.25

Upland Motors Recently Paid a Per Share Dividend of $1