$14\mathrm{.}2$ points

Healthy Foods just paid its annual dividend of $$1\mathrm{.}62$ a share. The firm recently announced that all future dividends will be increased by $2\mathrm{.}8\%$ annually. What is one share of this stock worth if you require a rate of return of $16\mathrm{.}43\%?14\mathrm{.}2$ points

Healthy Foods just paid its annual dividend of $$1\mathrm{.}62$ a share. The firm recently announced that all future dividends will be increased by $2\mathrm{.}8\%$ annually. What is one share of this stock worth if you require a rate of return of $16\mathrm{.}43\%?$