Connolly Co.'s expected year-end dividend is D1 = $1.60,its required return is rs = 11.00%,its dividend yield is 6.00%,and its growth rate is expected to be constant in the future.What is Connolly's expected stock price in 7 years,i.e.,what is ?
A) $37.52
B) $39.40
C) $41.37
D) $43.44
E) $45.61
Correct Answer:
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