Question: Connolly Co . ' s expected year - end dividend is D 1 = $ 1 . 6 0 , its required return is rs

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 P7?

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