Question
National Wolf Warehousing just announced it is increasing its annual dividend to $1.18 next year and establishing a policy whereby the dividend will increase by
National Wolf Warehousing just announced it is increasing its annual dividend to $1.18 next year and establishing a policy whereby the dividend will increase by 3.25 percent annually thereafter. How much will one share of this stock be worth 5 years from now if the required rate of return is 9.5 percent? SHOW WORK
A. $20.38
B. $21.45
C. $22.15
D. $23.02
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Public Finance Fundamentals
Authors: K. Moeti
3rd Edition
148512946X, 9781485129462
