S&P Enterprises Will Pay an Annual Dividend of $2

Multiple Choice

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?

A) $71.16
B) $74.01
C) $76.97
D) $80.05
E) $83.25