How much will one share of this stock be worth

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Question: National Warehousing just announced it is increasing its annual dividend to $3.51 next year and establishing a policy whereby the dividend will increase by 1.91 percent annually thereafter. How much will one share of this stock be worth 8 years from now if the required rate of return is 10.16 percent? Enter your response to two decimal places.

Reference no: EM131458401

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