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National Warehousing just announced it is increasing its annual dividend to $1.28 next year and establishing a policy whereby the dividend will increase by 3.5

National Warehousing just announced it is increasing its annual dividend to $1.28 next year and establishing a policy whereby the dividend will increase by 3.5 percent annually thereafter. How much will one share of this stock be worth 7 years from now if the required rate of return is 9.5 percent?

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