Winter Time Adventures is going to pay an annual dividend of $2.86 a share on its common stock next year.This year,the company paid a dividend of $2.75 a share.The company adheres to a constant rate of growth dividend policy.What will one share of this common stock be worth five years from now if the applicable discount rate is 11.7 percent?
A)$43.45
B)$43.87
C)$44.15
D)$45.19
E)$47.00

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The Answer of Winter Time Adventures is going to pay an annual dividend of $2.86 a share on its common stock next year.This year,the company paid a dividend of $2.75 a share.The company adheres to a constant rate of growth dividend policy.What will one share of this common stock be worth five years from now if the applicable discount rate is 11.7 percent?
A)$43.45
B)$43.87
C)$44.15
D)$45.19
E)$47.00

Winter Time Adventures Is Going to Pay an Annual Dividend