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Format D: Gerold's Travei Service just paid $1.79 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing

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Format D: Gerold's Travei Service just paid $1.79 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing at a constant growth rate of 3.2 percent. If you require a 10.5 percent rate of return, how much are you willing to pay to purchase one share of this stock? 517.59 52408 525:31 520.64 32452

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