Question
UM Stores,Inc.,has experienced a steady growth of 8% per year in its annual dividend.This growth is expected to continue indefinitely.The last dividend paid was $1.60per
UM Stores,Inc.,has experienced a steady growth of 8% per year in its annual dividend.This growth is expected to continue indefinitely.The last dividend paid was $1.60per share.Investors require a 14%return on their investment. What will the price be in 6 years?
$39.17
$45.70
$28.34
$44.79
$25.15
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
