Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a
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Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 8.75% per year. The required rate of return on the stock, rs, is 11.50%. What is the stock's expected price 5 years from now?
$40.17 | ||
$41.20 | ||
$39.83 | ||
$40.85 | ||
$41.69 |
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