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Super Light Battery will pay an annual dividend of $2.18 a share on its common stock next year. Last week, the company paid a dividend
Super Light Battery will pay an annual dividend of $2.18 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 Super Light Batterys common stock be worth ten years from now if the applicable discount rate is 18%?
Group of answer choices
$133.25
$80.05
$333.25
$46.01
$57.34
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