Spacefood Products Will Pay a Dividend of $2

question 17

Multiple Choice

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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Definitions:

Long-Term Goals

Those things you decide to work for after developing a life plan for the future.

Taking Responsibility

The act of acknowledging and accepting the choices you have made, the actions you have taken, and the results they have led to.

Setting Priorities

Deciding ahead of time which tasks are the most, and least, important.

Compulsive Gamblers

Individuals who have a constant urge to gamble despite harmful negative consequences or a desire to stop.