E.M. Roussakis Inc.'s stock currently sells for $45 per share. The stock's dividend is projected to increase at a constant rate of 3.75% per year. The required rate of return on the stock, rs, is 15.50%. What is Roussakis' expected price 5 years from now?
A) $50.14
B) $51.42
C) $52.74
D) $54.09
Correct Answer:
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