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Winter time adventures is going to pay an annual dividend of 2.86 a share on its common stock next year. This year the company paid a dividend of 2.75 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth five years from now if the applicable discount rate is 11.7 percent? Is there a way to solve it using the calculator?

Financial Management, Finance

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