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Last year, Wilderness Adventures paid an annual dividend of $2.00 per share. The firm recently announced that it will increase its dividend by a constant
Last year, Wilderness Adventures paid an annual dividend of $2.00 per share. The firm recently announced that it will increase its dividend by a constant 4.0 percent annually. What is one share of this stock worth today at a required rate of 14.4 percent?
A . $20.00
B . $ 21.09
C . $19.51
D . $21.21
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
