Question: Jeremiah Co . ' s expected year - end dividend is D 1 = $ 2 . 5 0 , its required return is rs

Jeremiah Co.'s expected year-end dividend is D1= $2.50, its required return is rs =12.00%, its dividend yield is 5.50%, and its growth rate is expected to be constant in the future. What is Jeremiah's expected stock price in 6 years, i.e., what is P6?
a. $66.32
b. $62.28
c. $48.41
d. $89.72
e. $62.67

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