Precision Engineering recently announced that its next annual dividend will be $$1\mathrm{.}20$ per share with later dividends increasing by $2\mathrm{.}5$ percent annually. What is the current value of this stock to you if you require a $12$ percent rate of return?

Grupo de opciones de respuesta

$$13\mathrm{.}37$

$$12\mathrm{.}95$

$$13\mathrm{.}05$

$$13\mathrm{.}72$

$$12\mathrm{.}63$