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Q12. You are trying to value DivCorp using a dividend growth model. The company will pay an annual dividend of $2.08 a share on its

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Q12. You are trying to value DivCorp using a dividend growth model. The company will pay an annual dividend of $2.08 a share on its common stock next year. The firm just paid a dividend of $2.00 a share, and has a "constant rate of growth" dividend policy (i.e., the dividend growth rate will not change). What will one share of the stock be worth ten years from now if the discount rate is 8 percent? (5 points)

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