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Kalamarides Enterprises will pay an annual dividend of $ 2 . 0 8 per share on its common stock next year. The firm just paid

Kalamarides Enterprises will pay an annual dividend of $2.08 per share on its common
stock next year. The firm just paid a dividend of $2.00 per share and adheres to a constant
rate of growth dividend policy. What will one share of this companys common stock be
worth ten years from now if the applicable discount rate is 8 percent?

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