Question: Boilermaker Inc. just announced that it will increase the annual dividend to $2 in the next year and establish a policy whereby the dividend will

Boilermaker Inc. just announced that it will increase the annual dividend to $2 in the next year and establish a policy whereby the dividend will increase by 1 percent annually thereafter. How much will one share of this stock be worth six years from now if the required rate of return is 12 percent? $19.30 $15.77 $18.18 $19.11 None of the above

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