1. Wayne Enterprises just paid a dividend of $1.95 per share on its stock. The dividends are expected to grow at a constant rate of 2.6 percent per year indefinitely. If investors require a 15 percent return on the Wayne Enterprises stock, what is the current price

   		$19.23
   		$16.88
   		$17.72
   		$15.67
   		$16.13

What happens to the PV of a set amount to be received in 10 years if your rate of return increases?

		The PV increases
		The PV decreases
		The PV doesnt change
		The PV goes to infinity