Winter Time Adventures is going to pay an annual dividend of $2.50 a share on its common
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Question:
Winter Time Adventures is going to pay an annual dividend of $2.50 a share on its common stock next week. This year, the company paid a dividend of $2.40 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 5 years from now if the applicable discount rate is 8.0 percent? Please show your work
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