What will one share of this common stock be worth

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Winter Time Adventures is going to pay an annual dividend of $2.39 a share on its common stock next week. This year, the company paid a dividend of $2.30 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 11 years from now if the applicable discount rate is 8.0 percent?

$89.20
$85.84
$103.04
$82.47
$96.48

 

Reference no: EM13266733

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