The company adheres to a constant rate of growth dividend

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Winter Time Adventures is going to pay an annual dividend of $2.72 a share on its common stock next week. This year, the company paid a dividend of $2.60 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 12 years from now if the applicable discount rate is 9.0 percent?


$139.82

$98.56

$106.61

$101.90

$115.30

Reference no: EM13570897

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