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Accounting

Problem:

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.

Required:

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

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168106

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