B&K Enterprises will pay an annual dividend of $2.10 a share on its common stock next year.Last week,the company paid a dividend of $2.00 a share.The company adheres to a constant rate of growth dividend policy.What will one share of B&K common stock be worth ten years from now if the applicable discount rate is 9%?
A) $71.16
B) $74.01
C) $76.97
D) $80.05
E) $85.52
Correct Answer:
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