Question: If the dividend yield for year 1 is expected to be 13% based on a stock price of $55, what will the year 7 dividend

If the dividend yield for year 1 is expected to be 13% based on a stock price of $55, what will the year 7 dividend be if dividends grow annually at a constant rate of 3%?

A. $8.54

B. $9.05

C. $4.09

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