Winter Time Adventures is going to annual dividend if $2.61 a share on its common stock next
Fantastic news! We've Found the answer you've been seeking!
Question:
Winter Time Adventures is going to annual dividend if $2.61 a share on its common stock next week. This year, the company paid a dividend of $2.50 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 11 years from now if thr applicable discount rate is 9.0 percent?
a) $84.24
b) $115.65
c) $91.11
d) $87.27
e) $98.55
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Posted Date: