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1.Food Inc. just announced it is increasing its annual dividend to $2.00 next year and establishing a policy whereby the dividend will increase by 3.5

1.Food Inc. just announced it is increasing its annual dividend to $2.00 next year and establishing a policy whereby the dividend will increase by 3.5 percent annually thereafter.

(1) What will the dividend be 5 years from now?

(2) How much will one share of this stock be worth 10 years from now if the required rate of return is 10 percent?

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