Question: Fervan Inc, is increasing its dividends at a constant rate of 6 percent. Last year the firm paid a dividend of $2.65 (DO). The required

Fervan Inc, is increasing its dividends at a constant rate of

Fervan Inc, is increasing its dividends at a constant rate of 6 percent. Last year the firm paid a dividend of $2.65 (DO). The required rate of return is 16 percent. What should the price of the stock be 5 years from now? $35.46 O None of these O $37.59 O $28.09

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