Question: Please use Excel Spreadsheet when answering the following question. 13. Bonnies Ice Cream paid an annual dividend of $6.25 per share last month, and it

Please use Excel Spreadsheet when answering the following question.

13. Bonnies Ice Cream paid an annual dividend of $6.25 per share last month, and it is anticipated that future dividends will increase by 4%
per annum. As a shareholder, if you require a 15% return on your investment in Bonnies Ice Cream, how much are you willing to pay to purchase
one share of the stock of Bonnie's Ice Cream today?

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