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Question: Winter Time Adventures is going to pay an annual dividend of $2.82 a share on its common stock next week. This year, the company paid a dividend of $2.70 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? And can you please show the math step by step?

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Category:- Accounting Basics
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