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Super Light Battery will pay an annual dividend of $2.08 a share on its common stock next year. Last week, the company paid a dividend of $2.00 a...
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Super Light Battery will pay an annual dividend of $2.08 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 Super Light Battery's common stock be worth ten years from now if the applicable discount rate is 9%?

Step-by-step answer

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Subject: Business, Finance

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