Serenaceron1517 Serenaceron1517
  • 25-10-2022
  • Business
contestada

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 past 10 years and expects to continue doing so. what will a share of this stock be worth 6 years from now if the required return is 16 percent? show your work for full credit.

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