Question: Question 7 (4 points) C7 Pela Corp. will pay a $3.21 per share dividend next year. The market expects that it will increase its dividend

Question 7 (4 points) C7 Pela Corp. will pay a $3.21 per share dividend next year. The market expects that it will increase its dividend by 2.82% per year, indefinitely. If there should be a fair rate of return of 7% on the stock, how much is it worth today? $56.79 $46.79 O $66.79 $76.79

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