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SpyIntel [72]
3 years ago
11

River rock, inc. just paid an annual dividend of $2.80. the company has increased its dividend by 2.5 percent a year for the pas

t ten years and expects to continue doing so. what will a share of this stock be worth six years from now if the required return is 16 percent?
Business
1 answer:
ohaa [14]3 years ago
8 0
The answer to this should be 24.65.
I could be wrong but I think you are suppose to add.

Hope this helped :)
Have a great day
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2 years ago
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