Question: A firm will pay a $ 2 . 0 0 dividend per share at the end of next year. And the dividend is expected to

A firm will pay a $2.00 dividend per share at the end of next year. And the dividend is expected to increase at a constant rate of 5 percent. If you require a 12 percent return on the stock, what is the value of the stock?
Group of answer choices
$28.57
$28.79
$30.00
$31.73

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