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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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