Question: please solve it Question 14 1 pts 5 Fortnum announced today that it will begin paying annual dividends next year. The dividend will be $0.12.

please solve it please solve it Question 14 1 pts 5 Fortnum announced today

Question 14 1 pts 5 Fortnum announced today that it will begin paying annual dividends next year. The dividend will be $0.12. $0.15, $0.20 $0.50 and $0.75 a share annually for the next 5 years, respectively. After that, dividends are projected to increase by 2 percent per year. How much are you willing to pay to buy one share of this stock today if your desired rate of return is 7 percent? Select the choice that is closest to your answer. $12.45 $12.17 O $11.94 $12.78

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