X-Tel Corporation's dividends in year 1 and 2 are expected to be $3 and $4 respectively. Year 2's stock price is expected to be $40 per share. If the investor's return is 10%, determine the stock price
Now)
A) $39.09
B) $39.92
C) $40.35
D) $40.98
E) $41.46
Correct Answer:
Verified
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