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uestion 10 (6 points) (Estimated time allowance: 12 minutes) Top Inc. paid an annual dividend last year of $25 per share. The company follows a

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uestion 10 (6 points) (Estimated time allowance: 12 minutes) Top Inc. paid an annual dividend last year of $25 per share. The company follows a policy to raise dividends each year by 4%. The company will be in business for 10 years and not have a liquidating dividend. The required rate of return for this investment is 15%. What is the price of this stock today? Do not use the sign. Use commas to separate thousands. DO NOT USE decimals. Round to the nearest DOLLAR For example if you obtain $1432728 then enter 1,433 or if you obtain $1.120 1321 then enter 1,120 Previous Page Next Page Page 10 of 14

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