(Answered) Question - um stores inc has experienced a steady growth of

Accounting

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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