ibsameer
Jul 11, 2011, 11:44 PM
KB Adventures will pay an annual dividend of RM3.15 a share on their common stock next week. Last year, the company paid a dividend of RM3.00 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 12.5 percent?