Whited Inc.'s stock currently sells for $35.25 per share.The dividend is projected to increase at a constant rate of 5.25% per year.The required rate of return on the stock,rs,is 11.50%.What is the stock's expected price 5 years from now?
A) $45.53
B) $52.81
C) $40.06
D) $39.15
E) $47.80
Correct Answer:
Verified
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