Plymouth co expects to pay an annual dividend of 280 next, Accounting Basics

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Plymouth co expects to pay an annual dividend of 280 next

Plymouth Co. expects to pay an annual dividend of $2.80 next year. the company has increased its dividend by 2.5% every year for the past 10 years and expects to continue to do so. What is this stock worth today if the required return is 16%?

$17.94
$20.74
$21.26
$25.27
$28.00

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Accounting Basics: Plymouth co expects to pay an annual dividend of 280 next

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Accounting Basics: Plymouth co expects to pay an annual dividend of 280 next

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