Factory Stores pays annual dividends and plans to increase those dividends by 3 percent each...
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Accounting
Factory Stores pays annual dividends and plans to increase those dividends by 3 percent each year into the foreseeable future. The stock is currently valued at $11.80 a share and has a required return of 14 percent. You own 500 shares of this stock. What is the total amount of dividend income you should expect to receive next year?
A) $649
B) $630
C) $1.30
D) $1.26
E) None of the above
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