Unformatted text preview: TB MC Qu. 09-43 S&P Enterprises will pay an annual...
S&P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. The firm just paid a dividend of $2.00 a share and adheres to a constant rate of growth dividend policy. What will one share of
S&P common stock be worth ten years from now if the applicable discount rate is 8 percent?
View Full Document
- Spring '18