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B&K Enterprises will pay an annual dividend of $2.10 a share on its common stock next year. Last week, the company paid a dividend of

B&K Enterprises will pay an annual dividend of $2.10 a share on its common stock next year. Last week, the company paid a dividend of $2.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of B&K common stock be worth ten years from now if the applicable discount rate is 9%?

Select one:

1. $71.16

2. $74.01

3. $76.97

4. $80.05

5. $85.52

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