Question
KB Adventures will pay an annual dividend of $3.12 a share on their common stock next year. The last dividend just paid was $3.00 a
KB Adventures will pay an annual dividend of $3.12 a share on their common stock next year. The last dividend just paid was $3.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth ten years from now if the applicable discount rate is 12.5 percent?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
