Multiple Choice
B&K Enterprises will pay an annual dividend of €2.08 a share on its ordinary equity 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 ordinary equity be worth ten years from now if the applicable discount rate is 8%?
A) €71.16
B) €74.01
C) €76.97
D) €80.05
E) €83.25
Correct Answer:
Verified
Correct Answer:
Verified
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