Solved: The last dividend paid was 160 per share investors require, Accounting Basics

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The last dividend paid was 160 per share investors require

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 $1.60 per 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 Basics: The last dividend paid was 160 per share investors require

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Accounting Basics: The last dividend paid was 160 per share investors require

Reference No:- TGS02824043

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