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Posted on Sep 04, 2024

SP Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. Last week, the company paid a dividend of

SP Enterprises will pay an annual dividend of $2.08 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 SP common stock be worth ten years from now if the applicable discount rate is 8%?

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