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?
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$139.82 |
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$98.56 |
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$106.61 |
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$101.90 |
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$115.30 |