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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
Ms. Jane graduated from StateUniversity in 1987 with a Bachelor's Degree in economics. She subsequently graduated from StateLawSchool in 1995. She graduated 58th out of a class of 2008.
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