Bampk enterprises will pay an annual dividend of 1442 a

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B&K Enterprises will pay an annual dividend of $1.442 a share on its common stock today. Last year, the company paid a dividend of $1.40 a share. The company adheres to a constant rate of growth dividend policy. What will one share of B&K common stock be worth 12 years from now if the applicable discount rate is 9 percent?

Reference no: EM13618910

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