The company adheres to a constant rate of growth dividend, Financial Management

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The company adheres to a constant rate of growth dividend

B&K Enterprises will pay an annual dividend of $1.7408 a share on its common stock today. Last year, the company paid a dividend of $1.70 a share. The company adheres to a constant rate of growth dividend policy. What will one share of B&K common stock be worth 11 years from now if the applicable discount rate is 9 percent?

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Financial Management: The company adheres to a constant rate of growth dividend

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