E13

Saved Help Save & Exit Si Boilermaker Inc. just announced that it will increase the annual dividend of $2 in the next year and establish a policy whereby the dividend will increase by 1% annually thereafter. How much will one share of this stock be worth six years from now if the required rate of return is 12%? Multiple Choice 0 0 0 Multiple Choice $19.30 $15.77 $18.18 $19.11 None of the above