What will be the current value of a single share

Reference no: EM13280632

Spacefood products will pay a dividend of $2.40 per share this year. It is expected that this dividend will grow by 3% per year each year in the future. What will be the current value of a single share of Spacefood's stock if the firm's equity cost of capital is 10%?

a) $30.22
b) $24.00
c) $23.97
d) $34.29

Reference no: EM13280632

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