The Boston House increases its dividend each year. The next annual dividend is expected to be $2.25 a share. Future dividends will increase by 5.0 percent annually. What is the current value of this stock if the discount rate is 13 percent?
A. $29.17
B. $28.78
C. $28.13
D. $29.00
E. $28.91
Answer: C
Business
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