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17 The Road Runner Co. is increasing its annual dividend, paid in one year from today, to $2.50. The firm is setting a policy

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17 The Road Runner Co. is increasing its annual dividend, paid in one year from today, to $2.50. The firm is setting a policy for the dividend to increase by one percent annually thereafter. How much will one share of this stock be worth four years from now if the required rate of return is 12%? Points A $20.61 B) $23.18 $23.42 D $23.65 E $23.89

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