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Business, 05.12.2019 04:31 hokamidat

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) $24.00

b) $23.97

c) $30.22

d) $34.29

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