Global Logistics Just Announced It Is Increasing Its Annual Dividend

Multiple Choice

Global Logistics just announced it is increasing its annual dividend to $1.68 next year and will increase that dividend by 1.85 percent annually thereafter. How much will one share of this stock be worth ten years from now if the required rate of return is 12.8 percent?

A) $18.43
B) $18.26
C) $18.09
D) $19.12
E) $18.77