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Winter Time Adventures is going to pay an annual dividend of $2.40 a share on its common stock next week. This year, the company paid

Winter Time Adventures is going to pay an annual dividend of $2.40 a share on its common stock next week. This year, the company paid a dividend of $2.30 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 10 years from now if the applicable discount rate is 9.0 percent? Select and show how to solve correct answer below please.

$73.00

$85.40

$75.67

$93.35

$78.96

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