What is this stock worth today

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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

Reference no: EM131015427

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