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Tough Leisure Adventures is going to pay an annual dividend of $0.54 a share on its common stock next year. This year, the company paid

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Tough Leisure Adventures is going to pay an annual dividend of $0.54 a share on its common stock next year. This year, the company paid a dividend of $0.50 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth six years from now if the applicable discount rate is 10.25 percent? O a $10.12 O b. $10.53 OC $35.26 Od $38.08 Oe. $40.25 Elon Inc., is a start-up company. No dividends will be paid on the stock over the next 10 years, because the firm needs to plow back its earnings to fuel growth. The company will pay a $2.52 per share dividend in 11 years and will increase the dividend by 2 percent per year thereafter. What is the current share price is the required return on this stock is 4 percent? 0 0 $75.66 Ob. 578.27 Oc$81.85 d. $85.12 e $90.24

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