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Amgen plans on increasing its annual dividend by 15 percent a year for the next four years and then decreasing the growth rate to 2.5

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Amgen plans on increasing its annual dividend by 15 percent a year for the next four years and then decreasing the growth rate to 2.5 percent per year. The company just paid its annual dividend in the amount of $2.00 per share. What is the current value of one share of this stock if the required rate of return is 17.4 percent? $24.06 $25.82 $22.71 $20.26 0 $24.55

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