KB Adventures will pay an annual dividend of $7.12 a share on their common stock next year. The last dividend just paid was $4.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth ten years from now if the applicable discount rate is 11.9 percent?

2. 
   

Answer rating: 100% (QA)

A classic dividend discount model DDM problem Lets break it down step by step 1 The constant gr... View the full answer