Winter Time Adventures is going to pay an annual dividend of $2.39 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 11 years from now if the applicable discount rate is 8.0 percent?

	$89.20
	$85.84
	$103.04
	$82.47
	$96.48